# Promed Molded Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/promed-molded-products-inc-401k-plan

> Promed Molded Products, INC.'s 401(k) plan: 256 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Promed Molded Products, INC.

- **Sponsor EIN:** 411635956

- **Sponsor Address:** 15600 MEDINA ROAD, PLYMOUTH, MN, 55447

- **Plan Type:** 401(k)

- **Total Participants:** 256

- **Total Assets:** $16.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|256|$16.7M|$701,510|$1.5M|

| 2023|246|$15.5M|$692,027|$1.4M|

| 2022|267|$12.5M|$545,798|$1.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| REDPATH AND COMPANY, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [REDPATH AND COMPANY, LLC](https://planprovider.pro/provider/redpath-and-company-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$144,685|$7,611|—|—|—|

| 2023|$117,492|$5,467|—|—|—|

| 2022|$113,488|—|$113,488|—|—|

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