# Key West Boats, INC. 401(k) Plan
Source: https://planprovider.pro/companies/key-west-boats-inc-570857357-001

> Key West Boats, INC.'s 401(k) plan: 186 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Key West Boats, INC.

- **Sponsor EIN:** 570857357

- **Sponsor Address:** P.O. BOX 399, RIDGEVILLE, SC, 29472

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 186

- **Total Assets:** $9.0M

## 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|186|$9.0M|$521,212|$606,814|

| 2023|136|$8.5M|$516,645|$611,086|

| 2022|0|$6.5M|$476,528|$533,737|

## 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|

| AMERICAN UNITED LIFE INSURANCE CO|Other Service Provider|$270|$15,613|$15,883|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,883

- **Estimated Expense Ratio:** 0.176% 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|$22,447|—|—|—|—|

| 2023|$13,179|—|—|$10,975|—|

| 2022|$2,174|—|$2,174|—|—|

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