Midwest Railcar Repair 401(k) match, vesting and fees
What Midwest Railcar Repair's 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 | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | Ketel Thorstenson, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,836 defined-contribution plans in transportation and warehousing with 100 to 499 participants.
| Midwest Railcar Repair: employer contribution per participant | $3,054 | |
| Peer median | $1,076 |
| Midwest Railcar Repair: average balance | $74,115 | |
| Peer median | $31,804 |
| Midwest Railcar Repair: admin expenses ÷ assets | 0.49% | |
| Peer median | 0.46% |
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 $7.8M at the end of plan year 2021 to $11.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 162 | $11.3M | $464K | $3,054 | 0.49% | Not published | Form 5500 ↗ |
| 2023 | 133 | $8.7M | $352K | $2,752 | 0.58% | Not published | Form 5500 ↗ |
| 2022 | 128 | $6.7M | $285K | $2,340 | 0.57% | Not published | Form 5500 ↗ |
| 2021 | 136 | $7.8M | $292K | $2,209 | 0.62% | Not published | Form 5500 ↗ |
Common questions
Does Midwest Railcar Repair match 401(k) contributions?
The match terms for the Midwest Railcar Repair Retirement Security Partnership Plan have not been published from its filing yet. The plan year 2024 filing reports $464K in employer contributions, about $3,054 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Midwest Railcar Repair 401(k) match vested?
The vesting schedule for the Midwest Railcar Repair Retirement Security Partnership Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Midwest Railcar Repair 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial, N.A.. The plan administrator is Midwest Railcar Repair, Inc..
I left Midwest Railcar Repair. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Midwest Railcar Repair, Inc., (605) 582-8309) or the recordkeeper, Alerus Financial, N.A.. The Midwest Railcar Repair old 401(k) page lists the contacts from every plan filing. Find an old Midwest Railcar Repair 401(k)
Data from the public Form 5500 annual reports Midwest Railcar Repair 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 Midwest Railcar Repair. Not financial advice. Report a correction · Methodology