Plan Snapshot
- Plan Sponsor: Miltenyi Biotec North America INC.
- Sponsor EIN: 824304020
- Sponsor Address: 1201 CLOPPER ROAD, GAITHERSBURG, MD, 208784000
- Plan Type: 401(k)
- Total Participants: 844
- Total Assets: $121.3M
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 | 844 | $121.3M | $8.0M | $11.9M |
| 2023 | 895 | $97.0M | $5.1M | $12.5M |
| 2022 | 897 | $71.2M | $7.9M | $9.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $281,600 | — | $281,600 |
| WELLS FARGO ADVISORS INS AGENCY LLC | OTHER SERVICES | — | $143,260 | $143,260 |
| WELLS FARGO ADVISORS FIN NETWORK | OTHER SERVICES | — | $53,301 | $53,301 |
| CAMPBELL TAYLOR WASHBURN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $478,161
- Estimated Expense Ratio: 0.394% 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 | $272,301 | — | $272,301 | — | — |
| 2023 | $200,754 | — | $200,754 | — | — |
| 2022 | $168,071 | — | $168,071 | — | — |