# Kemet Electronics Corporation 401(k) Plan
Source: https://planprovider.pro/companies/kemet-electronics-corporation-401k-plan

> Kemet Electronics Corporation's 401(k) plan: 675 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/elliott-davis-llc) — 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|

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