Plan Snapshot
- Plan Sponsor: Mity-Lite, INC.
- Sponsor EIN: 870652595
- Sponsor Address: 1301 W 400 N, OREM, UT, 84057
- Plan Type: 401(k)
- Total Participants: 366
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 366 | $9.5M | $476,797 | $719,001 |
| 2023 | 320 | $8.4M | $375,519 | $638,544 |
| 2022 | 276 | $6.3M | $57,954 | $527,458 |
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 |
|---|---|---|---|---|
| VALENTINE & CALDWELL CPAS, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,720 | $26,872 | — | — | — |
| 2023 | $41,125 | $26,422 | — | — | — |
| 2022 | $39,828 | $26,708 | $13,120 | — | — |