Plan Snapshot
- Plan Sponsor: Kane Financial Services, LLC
- Sponsor EIN: 800183269
- Sponsor Address: 1665 PALM BEACH LAKES BLVD, WEST PALM BEACH, FL, 33401
- Plan Type: 401(k)
- Total Participants: 158
- Total Assets: $4.9M
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 | 158 | $4.9M | $0 | $545,245 |
| 2023 | 103 | $5.3M | $0 | $512,848 |
| 2022 | 101 | $5.1M | $0 | $659,130 |
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 |
|---|---|---|---|---|
| MSL, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,536,286 | — | $24,060 | — | — |
| 2023 | $969,764 | — | $28,837 | — | — |
| 2022 | $34,700 | $3,355 | — | — | — |