Plan Snapshot
- Plan Sponsor: Multitech Industries, LLC
- Sponsor EIN: 363917513
- Sponsor Address: 350 VILLAGE DRIVE, CAROL STREAM, IL, 601881828
- Plan Type: 401(k)
- Total Participants: 348
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 348 | $18.2M | $517,668 | $725,229 |
| 2023 | 209 | $13.7M | $501,776 | $665,438 |
| 2022 | 201 | $10.6M | $473,768 | $615,230 |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
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 | $41,598 | — | — | — | — |
| 2023 | $36,616 | — | — | — | — |
| 2022 | $36,590 | — | $36,590 | — | — |