Plan Snapshot
- Plan Sponsor: Marel INC.
- Sponsor EIN: 481174114
- Sponsor Address: 8145 FLINT STREET, LENEXA, KS, 66214
- Plan Type: 401(k)
- Total Participants: 672
- Total Assets: $126.0M
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 | 672 | $126.0M | $3.1M | $5.3M |
| 2023 | 759 | $118.6M | $2.6M | $4.9M |
| 2022 | 783 | $103.4M | $2.6M | $5.1M |
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 |
|---|---|---|---|---|
| RETIRERIGHT LLC | NONE | $70,949 | — | $70,949 |
| T ROWE PRICE RPS INC | NONE | $51,822 | — | $51,822 |
| BATES CARTER | NONE | $12,500 | — | $12,500 |
| BATES, CARTER AND CO. LLP | Auditor | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,771
- Estimated Expense Ratio: 0.117% 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 | $135,260 | — | — | $12,500 | — |
| 2023 | $106,651 | — | — | $23,600 | — |
| 2022 | $102,110 | — | — | — | $79,864 |