Plan Snapshot
- Plan Sponsor: Microvast INC
- Sponsor EIN: 205704672
- Sponsor Address: 12603 SOUTHWEST FREEWAY, STAFFORD, TX, 77477
- Plan Type: 401(k)
- Total Participants: 79
- Total Assets: $1.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 79 | $1.8M | $239,015 | $753,565 |
| 2023 | 195 | $2.0M | $246,477 | $775,529 |
| 2022 | 52 | $533,296 | $0 | $392,933 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $9,677 | — | $9,677 |
| PLANCHECK CPA'S , LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PLANCHECK CPA'S , LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,677
- Estimated Expense Ratio: 0.552% 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 | $9,677 | $171 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |