Plan Snapshot
- Plan Sponsor: Kemet Electronics Corporation
- Sponsor EIN: 061198308
- Sponsor Address: 1 E BROWARD BLVD, FORT LAUDERDALE, FL, 333011872
- Plan Type: 401(k)
- Total Participants: 675
- Total Assets: $204.9M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 675 | $204.9M | $3.6M | $6.2M |
| 2023 | 910 | $163.7M | $3.1M | $5.3M |
| 2022 | 653 | $148.0M | $3.2M | $5.3M |
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 |
|---|---|---|---|---|
| MERCER | NONE | $80,000 | — | $80,000 |
| T ROWE PRICE RPS, INC. | NONE | $72,582 | — | $72,582 |
| ELLIOTT DAVIS, LLC/PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, LLC/PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,582
- Estimated Expense Ratio: 0.074% 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 | $256,911 | $556 | — | — | — |
| 2023 | $245,307 | $418 | — | — | — |
| 2022 | $264,022 | $638 | — | — | $100,000 |