# Climax Portable Machine Tools, INC. 401(k) Plan
Source: https://planprovider.pro/companies/climax-portable-machine-tools-inc-401k-plan

> Climax Portable Machine Tools, INC.'s 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Climax Portable Machine Tools, INC.

- **Sponsor EIN:** 930553883

- **Sponsor Address:** 2712 E. SECOND STREET, NEWBERG, OR, 97132

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

- **Total Participants:** 0

- **Total Assets:** $0

## 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|0|$0|$263,913|$862,730|

| 2023|139|$16.3M|$288,379|$893,956|

| 2022|130|$13.6M|$241,403|$716,289|

## 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|

| GEFFEN MESHER & COMPANY, PC|Auditor|$21,125|—|$21,125|

### Verified Provider Profiles

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

- [GEFFEN MESHER & COMPANY, PC](https://planprovider.pro/provider/geffen-mesher-and-company-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $21,125

### 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|$150,566|$69,498|$55,067|$21,125|—|

| 2023|$131,482|$46,317|$46,863|$36,000|—|

| 2022|$96,233|$45,350|$46,203|—|$3,000|

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