Plan Snapshot
- Plan Sponsor: Millat Industries
- Sponsor EIN: 310780542
- Sponsor Address: 4901 CROFTSHIRE DRIVE, DAYTON, OH, 45440
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $11.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 89 | $11.0M | $343,043 | $526,911 |
| 2023 | 102 | $10.6M | $354,566 | $527,691 |
| 2022 | 101 | $8.9M | $334,760 | $518,708 |
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. | Recordkeeper | $33,375 | — | $33,375 |
| BRADY, WARE & SCHOENFELD, INC. | Auditor | $13,500 | — | $13,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- BRADY, WARE & SCHOENFELD, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,875
- Estimated Expense Ratio: 0.427% 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 | $46,875 | — | — | $13,500 | — |
| 2023 | $39,704 | $22,558 | — | $12,300 | — |
| 2022 | $42,905 | — | — | — | — |