Plan Snapshot
- Plan Sponsor: Tolomatic, INC.
- Sponsor EIN: 410800494
- Sponsor Address: 3800 COUNTY ROAD 116, HAMEL, MN, 55340
- Plan Type: 401(k)
- Total Participants: 244
- Total Assets: $40.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 244 | $40.5M | $583,048 | $1.8M |
| 2023 | 238 | $36.6M | $790,039 | $1.8M |
| 2022 | 241 | $30.2M | $889,181 | $1.7M |
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 |
|---|---|---|---|---|
| NFP CORPORATE SERVICES (MN) INC | ADVISOR | $51,298 | — | $51,298 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $33,080 | — | $33,080 |
| LEWIS, KISCH & ASSOCIATES, LTD. | ACCOUNTANT/AUDITOR | $7,811 | — | $7,811 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LEWIS, KISCH & ASSOCIATES, LTD. — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,189
- Estimated Expense Ratio: 0.228% 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 | $92,189 | $51,298 | — | $7,811 | — |
| 2023 | $79,594 | $45,521 | — | — | — |
| 2022 | $81,474 | — | — | — | — |