Plan Snapshot
- Plan Sponsor: K-1 Speed INC
- Sponsor EIN: 208707035
- Sponsor Address: 17221 VON KARMAN AVE, IRVINE, CA, 92614
- Plan Type: 401(k)
- Total Participants: 1,315
- Total Assets: $872,354
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 | 1,315 | $872,354 | $0 | $253,023 |
| 2023 | 610 | $598,431 | $0 | $206,656 |
| 2022 | 452 | $363,611 | $0 | $155,960 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $11,111 | — | $11,111 |
| WITHUMSMITH BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- WITHUMSMITH BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,111
- Estimated Expense Ratio: 1.274% 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 | $21,338 | $10,227 | — | — | — |
| 2023 | $5,053 | $1,738 | — | — | — |
| 2022 | $1,277 | — | — | — | — |