Plan Snapshot
- Plan Sponsor: Kenan Advantage Group, INC.
- Sponsor EIN: 341950439
- Sponsor Address: 4366 MT PLEASANT ST NW, NORTH CANTON, OH, 44720
- Plan Type: 401(k)
- Total Participants: 6,717
- Total Assets: $277.9M
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 | 6,717 | $277.9M | $5.9M | $19.9M |
| 2023 | 6,661 | $260.9M | $7.0M | $20.5M |
| 2022 | 6,658 | $210.2M | $5.7M | $18.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $392,001 | — | $392,001 |
| AON INVESTMENTS USA INC | INVESTMENT ADVISORY | $63,289 | — | $63,289 |
| 415 GROUP | ACCOUNTANT | $26,550 | — | $26,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 415 GROUP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $481,840
- Estimated Expense Ratio: 0.173% 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 | $481,841 | $68,289 | $392,002 | $21,550 | — |
| 2023 | $522,677 | $57,313 | $445,007 | $20,357 | — |
| 2022 | $331,863 | — | $318,863 | — | $13,000 |