# Andersen Material Handling, INC. 401(k) Plan
Source: https://planprovider.pro/companies/andersen-material-handling-inc-401k-plan

> Andersen Material Handling, INC.'s 401(k) plan: 473 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Andersen Material Handling, INC.

- **Sponsor EIN:** 381722178

- **Sponsor Address:** 30575 ANDERSEN CT., WIXOM, MI, 48393

- **Plan Type:** 401(k)

- **Total Participants:** 473

- **Total Assets:** $23.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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|473|$23.9M|$279,237|$1.6M|

| 2023|318|$19.9M|$265,427|$1.5M|

| 2022|291|$16.2M|$239,199|$1.3M|

## 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|

| OSAIC WEALTH INC|ADVISOR|—|$52,299|$52,299|

| CBIZ CPAS P.C.|AUDIT|$10,750|—|$10,750|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OSAIC WEALTH INC](https://planprovider.pro/provider/royal-alliance-associates-inc) — ADVISOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $63,049

- **Estimated Expense Ratio:** 0.264% 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|$10,725|—|—|$7,500|—|

| 2023|$13,275|—|—|$10,000|—|

| 2022|$12,900|—|—|—|—|

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