# Multiquip INC. 401(k) Plan
Source: https://planprovider.pro/companies/multiquip-inc-401k-plan

> Multiquip INC.'s 401(k) plan: 598 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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