Plan Snapshot
- Plan Sponsor: Kennedy Automotive Group, INC.
- Sponsor EIN: 232545536
- Sponsor Address: 620 BUSTLETON PIKE, FEASTERVILLE, PA, 19053
- Plan Type: 401(k)
- Total Participants: 324
- Total Assets: $36.9M
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 | 324 | $36.9M | $318,200 | $1.7M |
| 2023 | 316 | $34.5M | $295,583 | $1.7M |
| 2022 | 322 | $29.6M | $312,651 | $1.7M |
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 |
|---|---|---|---|---|
| LAWRENCE F. TORNETTA LLC | AUDITOR | $17,500 | — | $17,500 |
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $10,005 | — | $10,005 |
| OSAIC WEALTH INC | BROKER | — | $6,148 | $6,148 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAWRENCE F. TORNETTA LLC — AUDITOR
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
- OSAIC WEALTH INC — BROKER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,653
- Estimated Expense Ratio: 0.091% 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 | $27,504 | — | — | $17,500 | — |
| 2023 | $24,687 | — | — | $17,000 | — |
| 2022 | $27,205 | — | — | — | $17,000 |