Plan Snapshot
- Plan Sponsor: Katcef Brothers, INC.
- Sponsor EIN: 520859333
- Sponsor Address: 2404 A AND EAGLE BLVD., ANNAPOLIS, MD, 214017053
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 123 | $13.9M | $112,887 | $433,538 |
| 2023 | 123 | $13.4M | $112,748 | $462,066 |
| 2022 | 118 | $11.4M | $101,486 | $469,768 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP INC. | Recordkeeper | $64,998 | — | $64,998 |
| KINGFISHER CAPITAL, LLC | Investment Advisor | $40,217 | — | $40,217 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,215
- Estimated Expense Ratio: 0.755% 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 | $105,215 | $40,217 | — | — | — |
| 2023 | $57,781 | $40,001 | $13,921 | — | — |
| 2022 | $60,267 | $41,229 | $19,038 | — | — |