# Fortna Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/material-handling-systems-inc-401k-plan-001-0369

> Fortna Systems, INC.'s 401(k) plan: 1,822 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Fortna Systems, INC.

- **Sponsor EIN:** 611350369

- **Sponsor Address:** 131 GRIFFIN WAY, MT. WASHINGTON, KY, 40047

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

- **Total Participants:** 1,822

- **Total Assets:** $148.0M

## 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|1,822|$148.0M|$6.9M|$15.1M|

| 2023|1,733|$146.6M|$7.3M|$15.4M|

| 2022|2,366|$97.2M|$6.7M|$12.3M|

## 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|

| SCHWAB RETIREMENT PLAN SERVICES,INC|NONE|$61,030|—|$61,030|

| CAP FINANCIAL PARTNERS LLC|NONE|$42,459|—|$42,459|

| CHERRY BEKAERT LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $103,489

- **Estimated Expense Ratio:** 0.070% 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|$148,199|$46,196|$40,899|—|—|

| 2023|$372,163|$106,265|$215,761|—|—|

| 2022|$346,847|$57,101|$195,212|—|$94,534|

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