Plan Snapshot
- Plan Sponsor: King Aerospace, INC.
- Sponsor EIN: 752419748
- Sponsor Address: 4500 WESTGROVE DRIVE STE 250, ADDISON, TX, 750013224
- Plan Type: 401(k)
- Total Participants: 231
- Total Assets: $20.4M
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. |
|---|---|---|---|---|
| 2024 | 231 | $20.4M | $665,259 | $2.2M |
| 2023 | 317 | $18.9M | $826,942 | $2.5M |
| 2022 | 398 | $14.7M | $767,864 | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $122,205 | — | $122,205 |
| GARRETY & ASSOCIATES CPA LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,205
- Estimated Expense Ratio: 0.600% 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 | $122,206 | — | $122,206 | — | — |
| 2023 | $108,833 | — | $108,833 | — | — |
| 2022 | $92,768 | — | $92,768 | — | — |