Plan Snapshot
- Plan Sponsor: Material In Motion
- Sponsor EIN: 841927192
- Sponsor Address: 1490 LINCOLN ST, SANTA CLARA, CA, 95050
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $5.8M
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 | 175 | $5.8M | $403,976 | $834,837 |
| 2023 | 242 | $4.4M | $378,207 | $740,073 |
| 2022 | 224 | $2.9M | $343,179 | $667,075 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | INVESTMENT/FINANCIAL ADVI | $15,257 | — | $15,257 |
| ADP, INC. | RECORD KEEPER | $6,064 | — | $6,064 |
| ABBOTT STRINGHAM & LYNCH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- ABBOTT STRINGHAM & LYNCH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,321
- Estimated Expense Ratio: 0.365% 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 | $21,323 | $15,258 | — | — | — |
| 2023 | $14,727 | $10,255 | — | — | — |
| 2022 | $15,710 | — | — | — | — |