# Marel INC. 401(k) Plan
Source: https://planprovider.pro/companies/marel-inc-401k-plan

> Marel INC.'s 401(k) plan: 672 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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