# Millat Industries 401(k) Plan
Source: https://planprovider.pro/companies/millat-industries-401k-plan

> Millat Industries&#39;s 401(k) plan: 89 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| 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:

- [BRADY WARE & SCHOENFELD INC](https://planprovider.pro/provider/brady-ware-and-schoenfeld-inc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $13,500

- **Estimated Expense Ratio:** 0.123% 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|—|—|—|—|

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