Plan Snapshot
- Plan Sponsor: Kent Distributors, INC.
- Sponsor EIN: 750972465
- Sponsor Address: PO BOX 908001, MIDLAND, TX, 797080001
- Plan Type: 401(k)
- Total Participants: 572
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 572 | $13.9M | $714,842 | $1.1M |
| 2023 | 497 | $11.1M | $639,061 | $999,147 |
| 2022 | 369 | $8.9M | $554,269 | $859,658 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOC | RIA | $29,687 | — | $29,687 |
| JOHN HANCOCK USA | RECORDKEEPER | $6,022 | — | $6,022 |
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOC — RIA
- JOHN HANCOCK USA — RECORDKEEPER
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,709
- Estimated Expense Ratio: 0.257% 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 | $82,252 | $29,687 | $50,050 | — | — |
| 2023 | $63,079 | $22,412 | $38,025 | — | — |
| 2022 | $22,895 | — | $22,895 | — | — |