Plan Snapshot
- Plan Sponsor: Kadant INC.
- Sponsor EIN: 521762325
- Sponsor Address: ONE TECHNOLOGY PARK DRIVE, WESTFORD, MA, 01886
- Plan Type: 401(k)
- Total Participants: 1,377
- Total Assets: $207.7M
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 | 1,377 | $207.7M | $5.7M | $9.5M |
| 2023 | 1,047 | $177.5M | $4.7M | $7.9M |
| 2022 | 1,026 | $153.2M | $4.2M | $7.2M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $16,800 | — | $16,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,800
- Estimated Expense Ratio: 0.008% 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 | $83,365 | $38,557 | $300 | $16,800 | — |
| 2023 | $122,524 | $43,455 | — | $16,070 | — |
| 2022 | $148,374 | $43,199 | — | — | — |