Plan Snapshot
- Plan Sponsor: The Manitowoc Company, INC.
- Sponsor EIN: 390448110
- Sponsor Address: 11270 WEST PARK PLACE, MILWAUKEE, WI, 53224
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,291
- Total Assets: $363.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,291 | $363.2M | $0 | $0 |
| 2024 | 1,747 | $323.6M | $9.3M | $13.0M |
| 2023 | 1,720 | $296.1M | $8.7M | $11.8M |
| 2022 | 1,632 | $258.7M | $11.6M | $10.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $110,505 | — | $110,505 |
| MERCER INVESTMENT LLC | Investment Advisor | $65,363 | — | $65,363 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $63,511 | — | $63,511 |
| MIDWEST SERIES OF LOCKTON COMPANIE | Insurance Carrier | $47,850 | — | $47,850 |
| WIPFLI LLP | Auditor | $26,045 | — | $26,045 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $313,274
- Estimated Expense Ratio: 0.086% 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 |
|---|---|---|---|---|---|
| 2025 | $30,658,272 | $63,511 | — | $26,045 | — |
| 2024 | $275,434 | $48,116 | $900 | $17,750 | — |
| 2023 | $244,594 | $106,650 | $300 | $16,600 | — |
| 2022 | $245,019 | $26,242 | — | — | — |