Plan Snapshot
- Plan Sponsor: Promed Molded Products, INC.
- Sponsor EIN: 411635956
- Sponsor Address: 15600 MEDINA ROAD, PLYMOTH, MN, 55447
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 151
- Total Assets: $794,820
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 151 | $794,820 | $0 | $0 |
| 2023 | 189 | $806,601 | $0 | $0 |
| 2022 | 164 | $826,732 | $0 | $0 |
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 |
|---|---|---|---|---|
| BPAS | Recordkeeper | $14,499 | — | $14,499 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPAS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,499
- Estimated Expense Ratio: 1.824% of plan assets
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 | $14,499 | — | $14,499 | — | — |
| 2023 | $8,799 | — | $8,799 | — | — |
| 2022 | $8,608 | — | — | — | — |