Plan Snapshot
- Plan Sponsor: Multiquip INC.
- Sponsor EIN: 952874203
- Sponsor Address: 6141 KATELLA AVENUE SUITE 200, CYPRESS, CA, 90630
- Plan Type: 401(k)
- Total Participants: 598
- Total Assets: $66.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 598 | $66.6M | $1.2M | $4.0M |
| 2023 | 570 | $57.4M | $874,407 | $3.5M |
| 2022 | 504 | $49.3M | $896,208 | $3.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $74,393 | — | $74,393 |
| PROVENANCE WEALTH ADVISORS LLC | INVESTMENT ADVISOR | $67,668 | — | $67,668 |
| M HOLDINGS SECURITIES INC | INVESTMENT ADVISOR | $50,838 | — | $50,838 |
| WRIGHT FORD YOUNG & CO | AUDITOR | $14,750 | — | $14,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,649
- Estimated Expense Ratio: 0.312% 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 | $207,649 | $118,506 | — | $14,750 | — |
| 2023 | $199,784 | $103,370 | — | $8,000 | — |
| 2022 | $225,203 | $162,277 | $14,043 | — | $9,568 |