Plan Snapshot
- Plan Sponsor: King Risk Partners, LLC
- Sponsor EIN: 591521941
- Sponsor Address: 643 SOUTHWEST 4TH AVENUE, GAINESVILLE, FL, 32601
- Plan Type: 401(k)
- Total Participants: 288
- Total Assets: $6.9M
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 | 288 | $6.9M | $533,497 | $1.2M |
| 2023 | 132 | $4.4M | $422,573 | $853,084 |
| 2022 | 59 | $590,355 | $102,627 | $175,834 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $32,574 | — | $32,574 |
| MERRILL LYNCH | RIA | $28,314 | — | $28,314 |
| KEITER CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- MERRILL LYNCH — RIA
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,888
- Estimated Expense Ratio: 0.881% 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 | $62,293 | $28,314 | $2,793 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |