Plan Snapshot
- Plan Sponsor: Kett Engineering Corporation
- Sponsor EIN: 951780668
- Sponsor Address: 15500 ERWIN ST STE 1029, VAN NUYS, CA, 914111028
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 526
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 526 | $10.7M | $0 | $0 |
| 2024 | 380 | $10.9M | $37,009 | $740,155 |
| 2023 | 476 | $10.7M | $45,331 | $899,764 |
| 2022 | 390 | $9.8M | $29,223 | $584,447 |
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 | $76,201 | — | $76,201 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $26,465 | $26,465 |
| ARMANINO LLP | Other Service Provider | $20,736 | — | $20,736 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,402
- Estimated Expense Ratio: 1.154% 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 |
|---|---|---|---|---|---|
| 2025 | $2,280,118 | — | $86,567 | $10,367 | — |
| 2024 | $97,017 | — | $81,481 | $15,536 | — |
| 2023 | $89,202 | — | $71,037 | $18,165 | — |
| 2022 | $89,199 | — | $73,453 | — | $15,746 |