Plan Snapshot
- Plan Sponsor: Mizkan America, INC.
- Sponsor EIN: 311224511
- Sponsor Address: 200 N. MARTINGALE RD, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,441
- Total Assets: $137.0M
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. |
|---|---|---|---|---|
| 2025 | 1,441 | $137.0M | $0 | $0 |
| 2024 | 1,123 | $124.1M | $4.4M | $7.5M |
| 2023 | 1,097 | $110.8M | $4.2M | $7.3M |
| 2022 | 1,165 | $94.9M | $3.9M | $7.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $130,003 | — | $130,003 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $36,000 | — | $36,000 |
| PLANTE MORAN | Auditor | $18,000 | — | $18,000 |
| PLANTE & MORAN,PLLC | Auditor | $9,000 | — | $9,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $193,003
- Estimated Expense Ratio: 0.141% 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 |
|---|---|---|---|---|---|
| 2025 | $20,189,107 | $36,000 | $1,200 | $27,000 | — |
| 2024 | $190,623 | $36,000 | — | $17,000 | — |
| 2023 | $176,081 | $36,000 | $600 | $16,000 | — |
| 2022 | $198,994 | — | — | — | — |