Plan Snapshot
- Plan Sponsor: Kendra Scott, LLC
- Sponsor EIN: 474456300
- Sponsor Address: 3800 NORTH LAMAR BLVD., AUSTIN, TX, 78756
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,559
- Total Assets: $36.3M
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. |
|---|---|---|---|---|
| 2025 | 2,559 | $36.3M | $0 | $0 |
| 2024 | 1,898 | $30.6M | $1.9M | $3.4M |
| 2023 | 1,554 | $22.6M | $1.6M | $2.7M |
| 2022 | 1,428 | $16.0M | $1.4M | $2.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $155,341 | — | $155,341 |
| WORLD INVESTMENT ADVISORS LLC | Investment Advisor | $55,176 | — | $55,176 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $55,162 | — | $55,162 |
| NOVA 401(K) ASSOCIATES | Other Service Provider | $1,324 | $15,832 | $17,156 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $282,835
- Estimated Expense Ratio: 0.780% 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 |
|---|---|---|---|---|---|
| 2025 | $6,772,273 | $254,646 | — | — | — |
| 2024 | $177,007 | $167,721 | — | — | — |
| 2023 | $119,101 | $112,338 | — | — | — |
| 2022 | $109,571 | $109,571 | — | — | — |