# Ormat Technologies, INC. And Subsidiaries 401(k) Plan
Source: https://planprovider.pro/companies/ormat-technologies-inc-and-subsidiaries-401k-plan

> Ormat Technologies, INC. And Subsidiaries's 401(k) plan: 703 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ormat Technologies, INC. And Subsidiaries

- **Sponsor EIN:** 880326081

- **Sponsor Address:** 6140 PLUMAS STREET, RENO, NV, 89519

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

- **Total Participants:** 703

- **Total Assets:** $79.6M

## 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|703|$79.6M|$4.3M|$6.8M|

| 2023|752|$68.5M|$4.0M|$6.2M|

| 2022|692|$53.9M|$2.9M|$5.3M|

## 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|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-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|$113,494|$75,209|—|—|—|

| 2023|$234,395|$138,155|—|$17,850|—|

| 2022|$183,045|$103,451|—|—|$16,079|

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