Plan Snapshot
- Plan Sponsor: Kent Companies, INC.
- Sponsor EIN: 381913848
- Sponsor Address: 130 60TH STREET, SW, GRAND RAPIDS, MI, 495485703
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,933
- Total Assets: $36.6M
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 | 1,933 | $36.6M | $1.1M | $3.0M |
| 2023 | 1,502 | $33.4M | $6,127 | $2.5M |
| 2022 | 1,099 | $29.5M | $952,687 | $2.0M |
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 |
|---|---|---|---|---|
| MACATAWA BANK | Recordkeeper | $125,635 | — | $125,635 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,635
- Estimated Expense Ratio: 0.344% 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 | $125,635 | — | — | — | — |
| 2023 | $83,232 | — | — | — | — |
| 2022 | $96,104 | $96,104 | — | — | — |