# Murata Machinery Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/murata-machinery-usa-inc-401k-plan

> Murata Machinery Usa, INC.'s 401(k) plan: 440 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Murata Machinery Usa, INC.

- **Sponsor EIN:** 232575678

- **Sponsor Address:** 2120 QUEEN CITY DRIVE, CHARLOTTE, NC, 28208

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

- **Total Participants:** 440

- **Total Assets:** $41.8M

## 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|440|$41.8M|$1.2M|$2.8M|

| 2023|405|$39.0M|$1.1M|$2.6M|

| 2022|382|$35.6M|$1.0M|$2.4M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$66,597|—|$66,597|

| CREATIVE PLANNING|INVESTMENT ADVISORY|$30,000|—|$30,000|

| CARTER, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CREATIVE PLANNING](https://planprovider.pro/provider/creative-planning) — INVESTMENT ADVISORY

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $96,597

- **Estimated Expense Ratio:** 0.231% 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|$96,597|$30,000|$66,597|—|—|

| 2023|$84,846|$22,500|$62,346|—|—|

| 2022|$79,078|$29,990|$49,088|—|—|

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