# Microvast INC 401(k) Plan
Source: https://planprovider.pro/companies/microvast-inc-401k-plan

> Microvast INC's 401(k) plan: 79 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [PLANCHECK CPA'S , LLC](https://planprovider.pro/provider/plancheck-cpas-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|—|—|—|—|—|

## Similar Plans

- [Smith Pump Company, INC.](https://planprovider.pro/companies/smith-pump-company-inc-plan) — 80 participants

- [Active Power, INC.](https://planprovider.pro/companies/active-power-inc-401k-plan) — 86 participants

- [Exfo America INC.](https://planprovider.pro/companies/exfo-america-inc-plan) — 89 participants

- [Schumacher Electric Corporation](https://planprovider.pro/companies/schumacher-electric-corporation-401k-plan) — 67 participants

- [Nova Magnetics, INC.](https://planprovider.pro/companies/nova-magnetics-inc-401k-plan) — 66 participants

- [Consolidated Traffic Controls, INC.](https://planprovider.pro/companies/consolidated-traffic-controls-inc-401k-plan) — 63 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/microvast-inc-401k-plan)

© 2026 PlanProvider.Pro