Plan Snapshot
- Plan Sponsor: Kent Quality Foods, INC.
- Sponsor EIN: 381575035
- Sponsor Address: 3426 QUINCY STREET, HUDSONVILLE, MI, 49426
- Plan Type: 401(k)
- Total Participants: 281
- Total Assets: $13.1M
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 | 281 | $13.1M | $342,324 | $1.2M |
| 2023 | 254 | $11.1M | $317,817 | $1.0M |
| 2022 | 260 | $9.3M | $247,761 | $886,456 |
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 |
|---|---|---|---|---|
| REHMANN LLC DBO REHMANN FIN GROUP | Investment Advisor | $28,000 | — | $28,000 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $26,720 | — | $26,720 |
| EMPOWER ADVISORY GROUP | Other Service Provider | $8,157 | — | $8,157 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,877
- Estimated Expense Ratio: 0.479% 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 | $57,569 | — | — | — | — |
| 2023 | $51,767 | $33,760 | — | — | — |
| 2022 | $51,202 | — | — | — | $51,202 |