Concept Machine Tool Sales 401(k) match, vesting and fees
What Concept Machine Tool Sales' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Olsen Thielen & Co., Ltd (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Concept Machine Tool Sales: employer contribution per participant | $1,956 | |
| Peer median | $1,988 |
| Concept Machine Tool Sales: average balance | $73,885 | |
| Peer median | $75,431 |
| Concept Machine Tool Sales: admin expenses ÷ assets | 0.59% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $10.5M at the end of plan year 2021 to $13.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 193 | $13.8M | $366K | $1,956 | 0.59% | Not published | Form 5500 ↗ |
| 2023 | 141 | $12.5M | $279K | $2,082 | 0.51% | Not published | Form 5500 ↗ |
| 2022 | 136 | $11.2M | $258K | $2,050 | 0.47% | Not published | 5500-SF ↗ |
| 2021 | 86 | $10.5M | $187K | $2,429 | 0.39% | Not published | 5500-SF ↗ |
Common questions
Does Concept Machine Tool Sales match 401(k) contributions?
The match terms for the Concept 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $366K in employer contributions, about $1,956 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Concept Machine Tool Sales 401(k) match vested?
The vesting schedule for the Concept 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Concept Machine Tool Sales 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock. The plan administrator is Concept Machine Tool Sales, LLC.
I left Concept Machine Tool Sales. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Concept Machine Tool Sales, LLC, (763) 559-1975) or the recordkeeper, John Hancock. The Concept Machine Tool Sales old 401(k) page lists the contacts from every plan filing. Find an old Concept Machine Tool Sales 401(k)
Data from the public Form 5500 annual reports Concept Machine Tool Sales filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Concept Machine Tool Sales. Not financial advice. Report a correction · Methodology