Plan Snapshot
- Plan Sponsor: Kerr Machine Co Dba Kerr Pumps
- Sponsor EIN: 730748930
- Sponsor Address: 2214 W 14TH ST, SULPHUR, OK, 730861107
- Plan Type: 401(k)
- Total Participants: 374
- Total Assets: $8.2M
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 | 374 | $8.2M | $425,587 | $599,399 |
| 2023 | 330 | $6.7M | $398,136 | $632,551 |
| 2022 | 334 | $5.2M | $400,351 | $586,224 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $66,505 | — | $66,505 |
| FBL FINANCIAL GROUP, LLC | Investment Advisor | — | $10,578 | $10,578 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,083
- Estimated Expense Ratio: 0.940% 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 | $66,506 | — | $66,506 | — | — |
| 2023 | $36,370 | — | $36,370 | — | — |
| 2022 | $3,950 | — | $3,950 | — | — |