Plan Snapshot
- Plan Sponsor: Makita Usa, INC.
- Sponsor EIN: 132672211
- Sponsor Address: 14930 NORTHAM STREET, LA MIRADA, CA, 90638
- Plan Type: 401(k)
- Total Participants: 717
- Total Assets: $99.1M
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 | 717 | $99.1M | $1.9M | $4.1M |
| 2023 | 721 | $92.8M | $2.1M | $4.4M |
| 2022 | 952 | $82.2M | $1.9M | $4.3M |
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 |
|---|---|---|---|---|
| GRP FINANCIAL | NONE | $27,500 | — | $27,500 |
| MARCUM LLP | NONE | $21,115 | — | $21,115 |
| T ROWE PRICE RPS INC | NONE | $7,732 | — | $7,732 |
| CBIZ | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,347
- Estimated Expense Ratio: 0.057% 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 | $18,629 | — | — | — | — |
| 2023 | $21,499 | — | — | — | — |
| 2022 | $2,323 | — | — | — | — |