# Machine Specialties, INC. 401(k) Plan
Source: https://planprovider.pro/companies/machine-specialties-inc-401k-plan-001-9724

> Machine Specialties, INC.'s 401(k) plan: 303 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Machine Specialties, INC.

- **Sponsor EIN:** 560939724

- **Sponsor Address:** 6511 FRANZ WARNER PARKWAY, WHITSETT, NC, 27377

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

- **Total Participants:** 303

- **Total Assets:** $16.6M

## 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|303|$16.6M|$543,405|$1.3M|

| 2023|303|$14.8M|$502,011|$1.2M|

| 2022|306|$12.3M|$388,861|$991,812|

## 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|

| BRESLOW STARLING FROST WARNER BOGER|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$66,226|$29,591|—|—|—|

| 2023|$60,157|$31,180|—|—|—|

| 2022|$63,802|—|$43,802|—|$20,000|

## Similar Plans

- [Carolina Precision Components, INC.](https://planprovider.pro/companies/carolina-precision-components-inc-401k-plan) — 39 participants

- [Viewriver Machine Corporation](https://planprovider.pro/companies/viewriver-machine-corporation-plan) — 31 participants

- [King Hydraulic INC](https://planprovider.pro/companies/king-hydraulic-inc-401k-plan) — 26 participants

- [Scoggins Industrial INC.](https://planprovider.pro/companies/scoggins-industrial-inc-plan) — 8 participants

- [Kazbish INC.](https://planprovider.pro/companies/kazbish-inc-plan) — 1 participants

- [Aalberts Integrated Piping Systems Americas, INC.](https://planprovider.pro/companies/aalberts-integrated-piping-systems-americas-inc-401k-plan) — 1,183 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/machine-specialties-inc-401k-plan-001-9724)

© 2026 PlanProvider.Pro