Plan Snapshot
- Plan Sponsor: Kinetic Physical Therapy And Wellness, INC
- Sponsor EIN: 272760356
- Sponsor Address: 1540 EAST ARLINGTON BLVD, GREENVILLE, NC, 27858
- Plan Type: 401(k)
- Total Participants: 284
- Total Assets: $6.2M
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 | 284 | $6.2M | $531,135 | $701,765 |
| 2023 | 158 | $4.5M | $18,553 | $663,212 |
| 2022 | 189 | $3.3M | $196,197 | $425,144 |
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 |
|---|---|---|---|---|
| BARROW, PARRIS AND DAVENPORT, PA CP | Auditor | $12,600 | — | $12,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,600
- Estimated Expense Ratio: 0.204% 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 | $59,485 | $22,115 | — | $12,600 | — |
| 2023 | $34,624 | $13,665 | — | — | — |
| 2022 | $20,704 | $14 | — | — | — |