# K & M Tire, INC. 401(k) Plan
Source: https://planprovider.pro/companies/k-m-tire-inc-401k-plan

> K & M Tire, INC.'s 401(k) plan: 878 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** K & M Tire, INC.

- **Sponsor EIN:** 341212834

- **Sponsor Address:** 965 SPENCERVILLE ROAD, DELPHOS, OH, 45833

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

- **Total Participants:** 878

- **Total Assets:** $16.9M

## 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|878|$16.9M|$497,556|$1.3M|

| 2023|749|$14.3M|$451,007|$1.2M|

| 2022|547|$11.5M|$291,961|$1.1M|

## 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|

| ALERUS FINANCIAL, N.A.|NONE|$63,679|—|$63,679|

| STRATEGENCE CAPITAL LLC|NONE|$18,244|—|$18,244|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $81,923

- **Estimated Expense Ratio:** 0.485% 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|$81,923|$18,244|—|—|—|

| 2023|$68,880|$25,663|—|—|—|

| 2022|$25,790|—|$25,790|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/k-m-tire-inc-401k-plan)

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