# Microbest, INC. 401(k) Plan
Source: https://planprovider.pro/companies/microbest-inc-401k-plan

> Microbest, INC.'s 401(k) plan: 211 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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