Plan Snapshot
- Plan Sponsor: King Industries, INC.
- Sponsor EIN: 060796922
- Sponsor Address: P.O. BOX 588, NORWALK, CT, 06852
- Plan Type: 401(k)
- Total Participants: 258
- Total Assets: $43.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 258 | $43.9M | $735,465 | $2.4M |
| 2023 | 240 | $38.5M | $663,311 | $2.3M |
| 2022 | 251 | $32.7M | $629,875 | $2.3M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $11,956 | — | $11,956 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $5,319 | — | $5,319 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,275
- Estimated Expense Ratio: 0.039% 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 | $19,358 | $11,956 | — | — | — |
| 2023 | $14,099 | $9,911 | — | — | — |
| 2022 | $14,602 | $10,839 | — | — | — |