Plan Snapshot
- Plan Sponsor: Kannegiesser Etech, INC.
- Sponsor EIN: 752681793
- Sponsor Address: 2090 ELM STREET SE, MINNEAPOLIS, MN, 55414
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 243
- Total Assets: $23.4M
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. |
|---|---|---|---|---|
| 2025 | 243 | $23.4M | $0 | $0 |
| 2024 | 206 | $20.1M | $544,381 | $1.2M |
| 2023 | 214 | $18.2M | $522,010 | $1.2M |
| 2022 | 202 | $16.2M | $481,021 | $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 |
|---|---|---|---|---|
| CHRISTENSEN GROUP FINANCIAL LLC | Investment Advisor | $41,565 | — | $41,565 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $36,644 | — | $36,644 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,209
- Estimated Expense Ratio: 0.334% 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 |
|---|---|---|---|---|---|
| 2025 | $2,183,756 | $41,565 | — | — | — |
| 2024 | $80,080 | $37,365 | — | — | — |
| 2023 | $84,098 | $47,420 | — | — | — |
| 2022 | $83,643 | — | $83,643 | — | — |