Plan Snapshot
- Plan Sponsor: Kg&P Strategies INC
- Sponsor EIN: 853585838
- Sponsor Address: 19775 BELMONT EXECUTIVE PLAZA, ASHBURN, VA, 20147
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,561
- Total Assets: $215,301
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,561 | $215,301 | $9.2M | $2.5M |
| 2023 | 1,482 | $809,551 | $7.5M | $2.2M |
| 2022 | 1,396 | $1.9M | $4.2M | $1.4M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO | Recordkeeper | $826,347 | — | $826,347 |
| GOVERNMENT SERVICE CONTRACTORS | Recordkeeper | $384,443 | — | $384,443 |
| WILLIS TOWERS WATSON SOUTHEAST INC | Investment Advisor | $121,328 | — | $121,328 |
| HARTFORD LIFE AND ACCIDENT INS CO | Other Service Provider | $101,998 | — | $101,998 |
| TELUS HEALTH LTD | Recordkeeper | $38,860 | — | $38,860 |
| HEALTH ADVOCATE SOLUTIONS INC | Other Service Provider | $37,139 | — | $37,139 |
| FLORES AND ASSOCIATES | Other Service Provider | $16,350 | — | $16,350 |
| BANK OF AMERICA | Custodian / Trustee | $11,785 | — | $11,785 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,538,250
- Estimated Expense Ratio: 714.465% 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 | $1,075,343 | — | $557,540 | — | — |
| 2023 | $1,097,573 | — | $497,099 | — | — |
| 2022 | $654,859 | — | $643,824 | — | $11,035 |