# Promex Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/promex-industries-inc-401k-plan

> Promex Industries, INC.&#39;s 401(k) plan: 106 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Promex Industries, INC.

- **Sponsor EIN:** 770409193

- **Sponsor Address:** 3075 OAKMEAD VILLAGE DRIVE, SANTA CLARA, CA, 95051

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

- **Total Participants:** 106

- **Total Assets:** $7.5M

## 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|106|$7.5M|$0|$778,348|

| 2023|102|$6.6M|$3,858|$684,370|

| 2022|88|$6.6M|$115,986|$724,770|

## 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|

| INSPERITY RETIREMENT SERVICES|RECORDKEEPER|$13,379|—|$13,379|

| WILSHIRE ASSOCIATES|INVESTMENT ADVISOR|$5,486|—|$5,486|

| SILICON VALLEY ACCOUNTANCY CORP|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $18,865

- **Estimated Expense Ratio:** 0.252% 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|$18,864|$5,486|—|—|—|

| 2023|$40,455|$21,672|$18,783|—|—|

| 2022|$33,078|$31,288|—|—|$1,790|

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