Plan Snapshot
- Plan Sponsor: Kaufman & Canoles, A Professional Corporation
- Sponsor EIN: 541186543
- Sponsor Address: 150 W MAIN ST, NORFOLK, VA, 23510
- Plan Type: 401(k)
- Total Participants: 209
- Total Assets: $195.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 209 | $195.6M | $2.9M | $2.4M |
| 2023 | 208 | $185.8M | $2.8M | $2.6M |
| 2022 | 201 | $160.7M | $2.6M | $2.4M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | Recordkeeper | $76,414 | — | $76,414 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,414
- Estimated Expense Ratio: 0.039% 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 | $76,414 | — | — | — | — |
| 2023 | $75,270 | — | — | — | — |
| 2022 | $75,316 | — | — | — | — |