Plan Snapshot
- Plan Sponsor: K-Fab, INC.
- Sponsor EIN: 231897603
- Sponsor Address: 1408 VINE STREET, BERWICK, PA, 18603
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $9.9M
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 | 145 | $9.9M | $448,814 | $565,892 |
| 2023 | 150 | $9.1M | $525,113 | $534,764 |
| 2022 | 136 | $7.3M | $449,715 | $438,966 |
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 |
|---|---|---|---|---|
| THE PARAGON ALLIANCE GROUP LLC | TPA FEES | $8,418 | — | $8,418 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORD KEEPER | $5,130 | — | $5,130 |
| BUCKNO LISICKY & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORD KEEPER
- BUCKNO LISICKY & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,548
- Estimated Expense Ratio: 0.137% 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 | $88,775 | — | $88,759 | — | — |
| 2023 | $61,931 | — | $58,978 | — | — |
| 2022 | $29,441 | — | — | — | $18,512 |