Plan Snapshot
- Plan Sponsor: I. Kitagawa And Company, Limited
- Sponsor EIN: 990045046
- Sponsor Address: 400 E KAWILI ST, HILO, HI, 967205045
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $7.8M
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 | 147 | $7.8M | $203,973 | $441,157 |
| 2023 | 146 | $7.6M | $185,852 | $389,795 |
| 2022 | 142 | $6.5M | $253,103 | $417,258 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,245 | — | $8,245 |
| SUEMORI & INOUYE, INC.DBA SI GROUP | Recordkeeper | — | $7,152 | $7,152 |
| ALPHAPOINT INC | Investment Advisor | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,397
- Estimated Expense Ratio: 0.262% 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 | $15,076 | $5,000 | $10,055 | — | — |
| 2023 | $12,993 | $5,000 | $7,975 | — | — |
| 2022 | $13,777 | — | — | — | $13,777 |