# Kern Machinery, INC. 401(k) Plan
Source: https://planprovider.pro/companies/kern-machinery-inc-401k-plan

> Kern Machinery, INC.'s 401(k) plan: 158 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/daniells-phillips-vaughan-and-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|—|—|

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