Plan Snapshot
- Plan Sponsor: Kel-Tec Cnc Industries, INC.
- Sponsor EIN: 593114270
- Sponsor Address: PO BOX 236009, COCOA, FL, 32923
- Plan Type: 401(k)
- Total Participants: 311
- Total Assets: $6.2M
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. |
|---|---|---|---|---|
| 2024 | 311 | $6.2M | $229,714 | $459,655 |
| 2023 | 245 | $6.2M | $227,034 | $462,465 |
| 2022 | 267 | $5.1M | $224,848 | $419,355 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | Investment Advisor | — | $23,781 | $23,781 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $14,425 | — | $14,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES INC — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,206
- Estimated Expense Ratio: 0.617% 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 | $14,425 | — | — | — | — |
| 2023 | $14,126 | — | — | — | — |
| 2022 | $12,414 | — | — | — | — |