Plan Snapshot
- Plan Sponsor: Kaneka North America, LLC
- Sponsor EIN: 454567068
- Sponsor Address: 6161 UNDERWOOD ROAD, PASADENA, TX, 77507
- Plan Type: 401(k)
- Total Participants: 453
- Total Assets: $114.2M
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 | 453 | $114.2M | $4.5M | $5.7M |
| 2023 | 452 | $114.0M | $4.2M | $5.4M |
| 2022 | 429 | $101.1M | $3.8M | $5.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $109,308 | — | $109,308 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $82,711 | — | $82,711 |
| CROWE LLP | AUDITOR | $21,000 | — | $21,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $213,019
- Estimated Expense Ratio: 0.187% 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 | $177,213 | — | — | — | — |
| 2023 | $191,924 | $69,010 | $102,964 | $19,950 | — |
| 2022 | $169,877 | — | $102,002 | — | — |