Plan Snapshot
- Plan Sponsor: Mitsubishi Electric Us, INC.
- Sponsor EIN: 330909808
- Sponsor Address: 5900 A KATELLA AVE., CYPRESS, CA, 90630
- Plan Type: 401(k)
- Total Participants: 3,786
- Total Assets: $860.3M
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 | 3,786 | $860.3M | $25.7M | $30.5M |
| 2023 | 3,543 | $766.5M | $24.3M | $28.7M |
| 2022 | 3,281 | $629.5M | $21.8M | $24.9M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $140,176 | — | $140,176 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $135,865 | — | $135,865 |
| KPMG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KPMG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $276,041
- Estimated Expense Ratio: 0.032% 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 | $276,041 | $140,176 | — | — | — |
| 2023 | $225,064 | $127,492 | — | — | — |
| 2022 | $216,213 | $139,101 | — | — | — |