Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Micron Solutions
Micron Solutions 401(k)
- Manufacturing
- Fitchburg, MA
- EIN 72-0925679
- 1 plan with Schedule H financials
- Plan year 2023
- Micron Solutions, Inc.
- SEC registrant Micron Solutions Inc
Administrative expenses excluding investment management, per participant · Micron Solutions, Inc. Savings and Investment Plan · plan year 2023
$414.94
Higher than 98% of the 17,126 plans $1 to 10M that report it.
Source
= $36,930 / 89
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241008123233NAL0009641267001, received 2024-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241008123233NAL0009641267001, received 2024-10-08
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-08.
Cost and contributions
Administrative expenses per participant
$414.94
Higher than 95% of the 17,762 plans $1 to 10M that report it.
Source
= $36,930 / 89
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241008123233NAL0009641267001, received 2024-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241008123233NAL0009641267001, received 2024-10-08
Administrative expenses as a share of assets
1.111%
Higher than 91% of the 17,798 plans $1 to 10M that report it.
Source
= $36,930 / $3,322,816
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241008123233NAL0009641267001, received 2024-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241008123233NAL0009641267001, received 2024-10-08
Employer contributions per participant
$571
Higher than 19% of the 15,688 plans $1 to 10M that report it.
Source
= $50,826 / 89
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241008123233NAL0009641267001, received 2024-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241008123233NAL0009641267001, received 2024-10-08
Employer share of total contributions
13.4%
Higher than 13% of the 15,721 plans $1 to 10M that report it.
Source
= $50,826 / $379,626
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241008123233NAL0009641267001, received 2024-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241008123233NAL0009641267001, received 2024-10-08
Plan terms, as stated in Micron Solutions, Inc.'s SEC filings
Plan terms are described in Micron Solutions, Inc.'s SEC filings: Form 10-K filed 2020-03-30. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241008123233NAL0009641267001, received 2024-10-08
Full record, Micron Solutions, Inc. Savings and Investment Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MICRON SOLUTIONS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Plan name | MICRON SOLUTIONS, INC. SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Sponsor EIN / plan number | 72-0925679 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Sponsor location | FITCHBURG, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Filing received | 2024-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Participants, beginning of year | 113 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Active participants | 74 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Participants, end of year | 89 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Participants with an account balance | 89 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total assets, beginning of year | $3,153,780 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total assets, end of year | $3,322,816 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Net assets, end of year | $3,322,816 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total income | $758,248 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Net income | $169,036 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Employer contributions | $50,826 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Participant contributions | $290,516 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Other contributions (incl. rollovers) | $38,284 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total contributions | $379,626 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Benefit payments | $547,547 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total expenses (incl. benefit payments) | $589,212 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Total administrative expenses | $36,930 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Contract administrator fees | $36,930 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Administrative expenses excluding investment management | $36,930 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241008123233NAL0009641267001, received 2024-10-08 |
| Independent auditor | CARON & BLETZER, PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241008123233NAL0009641267001, received 2024-10-08 |
Position = column in the DOL layout for form year 2023. Filing 20241008123233NAL0009641267001, received 2024-10-08.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MMA SECURITIES LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $10,036 | no |
| COMASS360 | CONTRACT ADMIN | 13 Contract administrator | $7,975 | no |
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $3,727 | yes |
| CAMBRIDGE INVESTMENT RESEARCH INC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $3,328 | no |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | 28 Investment management | $1,381 | no |
| VOYA RETIREMENT INSURANCE & ANNUITYrecordkeeper | RECORDKEEPER | 99 Other fees | $0 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241008123233NAL0009641267001, received 2024-10-08.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Alerts, claims and corrections
Sponsor name as filed: MICRON SOLUTIONS, INC.; SEC registrant: MICRON SOLUTIONS INC /DE/ (CIK 819689, matched by EIN).