Plan Snapshot
- Plan Sponsor: Kfi Engineers, PC
- Sponsor EIN: 465047297
- Sponsor Address: 670 WEST COUNTY ROAD B, ST. PAUL, MN, 55113
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $35.3M
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 | 273 | $35.3M | $894,911 | $2.5M |
| 2023 | 234 | $28.8M | $772,090 | $2.1M |
| 2022 | 205 | $22.8M | $638,072 | $1.7M |
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 |
|---|---|---|---|---|
| HEARTLAND TRUST COMPANY | Other Service Provider | $81,184 | — | $81,184 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | — | $12,789 | $12,789 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,973
- Estimated Expense Ratio: 0.266% 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 | $81,184 | — | — | — | — |
| 2023 | $65,381 | — | — | — | — |
| 2022 | $56,302 | — | — | — | — |