# Borusan Mannesmann Pipe U.S., INC. 401(k) Plan
Source: https://planprovider.pro/companies/borusan-mannesmann-pipe-u-s-inc-401k-plan

> Borusan Mannesmann Pipe U.S., INC.&#39;s 401(k) plan: 486 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Borusan Mannesmann Pipe U.S., INC.

- **Sponsor EIN:** 331217424

- **Sponsor Address:** 4949 BORUSAN RD., BAYTOWN, TX, 77523

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

- **Total Participants:** 486

- **Total Assets:** $18.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|486|$18.2M|$2.3M|$2.6M|

| 2023|401|$14.4M|$1.9M|$2.2M|

| 2022|327|$9.9M|$1.4M|$1.6M|

## 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|

| VOYA RETIREMENT ADVISORS, LLC|SERVICE PROVIDER|$11,730|—|$11,730|

| NOVA 401(K) ASSOCIATES|THIRD PARTY ADMINISTRATOR|—|$7,855|$7,855|

| LANGFORD DE KOCK LP|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $19,585

- **Estimated Expense Ratio:** 0.107% 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|$38,683|$12,033|$22,250|—|—|

| 2023|$30,264|—|$30,264|—|—|

| 2022|$15,924|—|$15,924|—|—|

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