Plan Snapshot
- Plan Sponsor: Ken Garner Manufacturing, INC
- Sponsor EIN: 621549355
- Sponsor Address: 1201 E. 28TH STREET, CHATTANOOGA, TN, 37404
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $9.7M
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. |
|---|---|---|---|---|
| 2024 | 116 | $9.7M | $661,120 | $418,950 |
| 2023 | 168 | $9.2M | $662,482 | $502,358 |
| 2022 | 164 | $7.3M | $577,474 | $469,478 |
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 |
|---|---|---|---|---|
| ELLIOT DAVIS, LLC/PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOT DAVIS, LLC/PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $30,251 | — | $30,251 | — | — |
| 2023 | $10,750 | — | $10,750 | — | — |
| 2022 | $8,659 | — | $8,659 | — | — |