Plan Snapshot
- Plan Sponsor: Kenona Industries LLC
- Sponsor EIN: 825283811
- Sponsor Address: 3044 WILSON DR NW, GRAND RAPIDS, MI, 495347564
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 152 | $6.1M | $218,443 | $783,242 |
| 2023 | 184 | $5.3M | $107,928 | $872,345 |
| 2022 | 182 | $3.7M | $106,533 | $732,185 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC - RPCP | Other Service Provider | $23,455 | — | $23,455 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,455
- Estimated Expense Ratio: 0.383% 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 | $51,553 | $23,455 | $28,098 | — | — |
| 2023 | $41,141 | — | $21,047 | — | — |
| 2022 | $31,844 | $20,331 | $11,513 | — | — |