Plan Snapshot
- Plan Sponsor: Kennedy Wire Rope & Sling Company, INC.
- Sponsor EIN: 742063904
- Sponsor Address: 302 FLATO ROAD, CORPUS CHRISTI, TX, 78469
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $6.1M
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 | 151 | $6.1M | $277,928 | $653,361 |
| 2023 | 156 | $5.1M | $241,388 | $566,154 |
| 2022 | 149 | $3.7M | $213,010 | $489,605 |
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 |
|---|---|---|---|---|
| ADAMSON & COMPANY, LLC | Auditor | — | — | $0 |
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 | $34,180 | $16,251 | — | — | — |
| 2023 | $25,033 | $12,369 | — | — | — |
| 2022 | $20,404 | $10,655 | $9,749 | — | — |