Plan Snapshot
- Plan Sponsor: Kern Machinery, INC.
- Sponsor EIN: 260497941
- Sponsor Address: P.O. BOX 80007, BAKERSFIELD, CA, 933800007
- Plan Type: 401(k)
- Total Participants: 158
- Total Assets: $27.5M
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 | 158 | $27.5M | $433,000 | $846,194 |
| 2023 | 172 | $27.2M | $710,355 | $904,197 |
| 2022 | 174 | $25.2M | $0 | $129,021 |
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 |
|---|---|---|---|---|
| CAP FINANCIAL PARTNERS, LLC | INVESTMENT ADVISOR | $58,000 | — | $58,000 |
| EMPOWER ANNUITY INSURANCE CO | RECORDKEEPER | $23,021 | — | $23,021 |
| EMPOWER RETIREMENT | INVESTMENT MGMT | $20,745 | — | $20,745 |
| DANIELLS PHILLIPS VAUGHAN & BOCK | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANIELLS PHILLIPS VAUGHAN & BOCK — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,766
- Estimated Expense Ratio: 0.371% 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 | $97,699 | — | $97,699 | — | — |
| 2023 | $94,090 | — | $94,090 | — | — |
| 2022 | $23,977 | — | $23,977 | — | — |