# Inductoheat, INC. 401(k) Plan
Source: https://planprovider.pro/companies/inductoheat-inc-401k-plan

> Inductoheat, INC.'s 401(k) plan: 117 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Inductoheat, INC.

- **Sponsor EIN:** 381694184

- **Sponsor Address:** 32251 N. AVIS DRIVE, MADISON HEIGHTS, MI, 48071

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

- **Total Participants:** 117

- **Total Assets:** $39.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|117|$39.4M|$1.1M|$448,797|

| 2023|112|$37.5M|$1.1M|$479,673|

| 2022|115|$37.3M|$791,950|$501,291|

## 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|

| MORGAN STANLEY|INVESTMENT ADVISOR|$81,304|—|$81,304|

| EMPOWER ANNUITY INSURANCE COMPANY O|RECORD KEEPER|$16,691|—|$16,691|

| MC CLAIN, SMITH, & WENZ CPA'S P|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [MORGAN STANLEY](https://planprovider.pro/provider/morgan-stanley) — INVESTMENT ADVISOR

- [MC CLAIN, SMITH, & WENZ CPA'S P](https://planprovider.pro/provider/mcclain-smith-and-wenz-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $97,995

- **Estimated Expense Ratio:** 0.249% 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|$100,184|$83,493|—|—|—|

| 2023|$80,740|$78,928|—|—|—|

| 2022|$41,826|—|$22,906|—|$18,920|

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