Plan Snapshot
- Plan Sponsor: K-Flex Usa LLC
- Sponsor EIN: 562249271
- Sponsor Address: 100 K-FLEX WAY, YOUNGSVILLE, NC, 27596
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $9.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 250 | $9.8M | $591,061 | $845,573 |
| 2023 | 204 | $8.5M | $482,801 | $688,129 |
| 2022 | 185 | $7.7M | $356,513 | $616,451 |
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. | Recordkeeper | $23,258 | — | $23,258 |
| FIRST ALLIED ADVISORY SERVICES, INC | Investment Advisor | $15,720 | — | $15,720 |
| CETERA INVESTMENT ADVISERS LLC | Investment Advisor | $5,823 | — | $5,823 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,801
- Estimated Expense Ratio: 0.458% 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 | $44,803 | — | — | — | — |
| 2023 | $32,994 | $19,281 | — | — | — |
| 2022 | $32,229 | — | — | — | — |