# Ekornes INC. 401(k) Plan
Source: https://planprovider.pro/companies/ekornes-inc-401k-plan

> Ekornes INC.&#39;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:** Ekornes INC.

- **Sponsor EIN:** 133320804

- **Sponsor Address:** 615 PIERCE STREET, SOMERSET, NJ, 08873

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

- **Total Participants:** 119

- **Total Assets:** $14.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|$14.5M|$563,755|$575,534|

| 2023|134|$13.3M|$1.3M|$568,639|

| 2022|136|$11.1M|$673,694|$559,977|

## 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|

| BARATZ & ASSOCIATES, PA|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BARATZ & ASSOCIATES, PA](https://planprovider.pro/provider/baratz-and-associates-pa) — 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|$5,802|—|—|—|—|

| 2023|$27,559|—|—|—|—|

| 2022|$4,530|—|—|—|—|

## Similar Plans

- [Factory Direct Enterprises LLC](https://planprovider.pro/companies/factory-direct-enterprises-llc-401k-plan) — 368 participants

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