Plan Snapshot
- Plan Sponsor: Mitsubishi Heavy Industries America INC.
- Sponsor EIN: 363031033
- Sponsor Address: 20 EAST GREENWAY PLAZA SUITE 600, HOUSTON, TX, 77046
- Plan Type: 401(k)
- Total Participants: 797
- Total Assets: $83.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 797 | $83.3M | $3.5M | $5.5M |
| 2023 | 573 | $76.5M | $2.8M | $4.9M |
| 2022 | 457 | $53.0M | $1.8M | $3.5M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,000
- Estimated Expense Ratio: 0.010% 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 | $124,362 | $51,185 | $5,264 | $8,000 | — |
| 2023 | $101,442 | $40,680 | $46,267 | $12,000 | — |
| 2022 | $140,163 | $29,108 | $104,930 | — | $4,500 |