# Multi-Bank Services, Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/multi-bank-services-ltd-401k-plan

> Multi-Bank Services, Ltd.'s 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Multi-Bank Services, Ltd.

- **Sponsor EIN:** 382584711

- **Sponsor Address:** 1000 TOWN CENTER DRIVE #2300, SOUTHFIELD, MI, 48075

- **Plan Type:** 401(k)

- **Total Participants:** 115

- **Total Assets:** $25.0M

## 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.|

| 2024|115|$25.0M|$0|$1.5M|

| 2023|120|$21.1M|$0|$1.4M|

| 2022|119|$17.8M|$0|$1.4M|

## 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|

| CARNAGHI & SCHWARK PLLC|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|$18,266|$4,553|$13,713|—|—|

| 2023|$16,725|$3,879|$12,846|—|—|

| 2022|$17,364|$3,895|$13,469|—|—|

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