Plan Snapshot
- Plan Sponsor: Kbm Office Equipment, INC.
- Sponsor EIN: 941442776
- Sponsor Address: 225 W. SANTA CLARA ST, SAN JOSE, CA, 95113
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 124
- Total Assets: $11.8M
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. |
|---|---|---|---|---|
| 2025 | 124 | $11.8M | $0 | $0 |
| 2024 | 81 | $9.5M | $323,710 | $841,798 |
| 2023 | 113 | $7.8M | $342,811 | $866,819 |
| 2022 | 109 | $7.2M | $278,961 | $696,872 |
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 O | Recordkeeper | $19,613 | — | $19,613 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $18,351 | — | $18,351 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,852 | — | $6,852 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,816
- Estimated Expense Ratio: 0.379% 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 | $756,376 | $25,203 | — | — | — |
| 2024 | $39,374 | $22,293 | — | — | — |
| 2023 | $36,622 | $17,412 | — | — | — |
| 2022 | $32,224 | $25,200 | $7,024 | — | — |