# Kennedy Wire Rope &amp; Sling Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/kennedy-wire-rope-sling-company-inc-401k-plan

> Kennedy Wire Rope &amp; Sling Company, INC.&#39;s 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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