Plan Snapshot
- Plan Sponsor: Microbest, INC.
- Sponsor EIN: 061181412
- Sponsor Address: 670 CAPTAIN NEVILLE DRIVE, WATERBURY, CT, 067053827
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $9.1M
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 | 211 | $9.1M | $343,527 | $585,221 |
| 2023 | 220 | $9.0M | $286,563 | $527,556 |
| 2022 | 244 | $8.1M | $311,070 | $536,021 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | NONE | $21,646 | — | $21,646 |
| THE INNOVATIVE CPA GROUP LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE INNOVATIVE CPA GROUP LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,646
- Estimated Expense Ratio: 0.239% 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 | $28,115 | — | $28,115 | — | — |
| 2023 | $28,837 | $20,855 | $7,982 | — | — |
| 2022 | $29,813 | — | $29,813 | — | — |