Plan Snapshot
- Plan Sponsor: Kenific Group, INC.
- Sponsor EIN: 453056454
- Sponsor Address: 305 HARRISON STREET SE, LEESBURG, VA, 20175
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 705
- Total Assets: $672,217
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 705 | $672,217 | $3.8M | $628,535 |
| 2023 | 625 | $679,066 | $3.6M | $406,013 |
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 |
|---|---|---|---|---|
| ASSURED PARTNERS GSA NATIONAL | Recordkeeper | $149,515 | — | $149,515 |
| LIFEWORKSUS LTD | Other Service Provider | $10,067 | — | $10,067 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,582
- Estimated Expense Ratio: 23.740% 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 | $170,115 | — | $170,115 | — | — |
| 2023 | $210,552 | — | $189,954 | — | — |