# Masimo Corporation 401(k) Plan
Source: https://planprovider.pro/companies/masimo-corporation-401k-plan

> Masimo Corporation's 401(k) plan: 1,561 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Masimo Corporation

- **Sponsor EIN:** 330368882

- **Sponsor Address:** 52 DISCOVERY, IRVINE, CA, 926183105

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

- **Total Participants:** 1,561

- **Total Assets:** $244.1M

## 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|1,561|$244.1M|$4.6M|$17.0M|

| 2023|1,627|$206.2M|$4.9M|$17.4M|

| 2022|1,737|$176.1M|$4.5M|$15.8M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$108,094|—|$108,094|

| MORGAN STANLEY|CONSULTANT|$65,000|—|$65,000|

| GRANT THORNTON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

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

- [GRANT THORNTON LLP](https://planprovider.pro/provider/grant-thornton-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $173,094

- **Estimated Expense Ratio:** 0.071% 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|$173,156|—|—|—|—|

| 2023|$155,565|—|$1,500|—|—|

| 2022|$162,321|—|—|—|—|

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