# Hy-Tek Material Handling, LLC 401(k) Plan
Source: https://planprovider.pro/companies/hy-tek-material-handling-llc-401k-plan

> Hy-Tek Material Handling, LLC&#39;s 401(k) plan: 565 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hy-Tek Material Handling, LLC

- **Sponsor EIN:** 311277283

- **Sponsor Address:** 2222 RICKENBACKER PARKWAY W, COLUMBUS, OH, 43217

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

- **Total Participants:** 565

- **Total Assets:** $48.1M

## 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|565|$48.1M|$200,034|$3.1M|

| 2023|422|$49.9M|$1.7M|$3.2M|

| 2022|589|$43.8M|$1.4M|$3.0M|

## 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|

| HIGHLAND CONSULTING ASSOCIATES|CONSULTANT|$46,922|—|$46,922|

| FLAGEL HUBER FLAGEL|ACCOUNTANT\AUDITOR|$17,250|—|$17,250|

### Verified Provider Profiles

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

- [FLAGEL HUBER FLAGEL](https://planprovider.pro/provider/flagel-huber-flagel) — ACCOUNTANT\AUDITOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $64,172

- **Estimated Expense Ratio:** 0.133% 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|$68,625|—|—|$17,250|—|

| 2023|$55,960|—|—|$14,750|—|

| 2022|$24,913|—|—|—|—|

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