# Thermoworks, INC. 401(k) Plan
Source: https://planprovider.pro/companies/thermoworks-inc-plan

> Thermoworks, INC.'s 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Thermoworks, INC.

- **Sponsor EIN:** 870570676

- **Sponsor Address:** 741 EAST UTAH VALLEY DRIVE, AMERICAN FORK, UT, 84003

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

- **Total Participants:** 119

- **Total Assets:** $9.4M

## 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|119|$9.4M|$438,820|$424,966|

| 2023|107|$7.7M|$384,434|$393,662|

| 2022|111|$6.1M|$385,977|$362,698|

## 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|$38,718|—|$38,718|

| WELLS FARGO CLEARING SERVICES LLC|INVESTMENT ADVISORY|$28,931|$5|$28,936|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $67,654

- **Estimated Expense Ratio:** 0.717% 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|$67,652|$28,934|$38,718|—|—|

| 2023|$72,042|$22,747|$49,295|—|—|

| 2022|$66,820|$22,219|$44,601|—|—|

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