Plan Snapshot
- Plan Sponsor: Kelley Brothers Contractors, INC.
- Sponsor EIN: 640502135
- Sponsor Address: 401 COUNTY FARM RD, WAYNESBORO, MS, 393678772
- Plan Type: 401(k)
- Plan Number: 333
- Total Participants: 180
- Total Assets: $5.8M
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 | 180 | $5.8M | $137,071 | $298,163 |
| 2023 | 168 | $5.6M | $144,424 | $301,787 |
| 2022 | 173 | $4.7M | $131,673 | $280,510 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $20,566 | — | $20,566 |
| CREATIVEONE SECURITIES, LLC | Investment Advisor | $14,018 | $6 | $14,024 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,590
- Estimated Expense Ratio: 0.597% 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 | $34,588 | $14,021 | $20,567 | — | — |
| 2023 | $29,893 | $12,324 | $17,569 | — | — |
| 2022 | $25,994 | $10,431 | $15,563 | — | — |