# King Risk Partners, LLC 401(k) Plan
Source: https://planprovider.pro/companies/king-insurance-agency-of-gainesville-llc-401k-plan

> King Risk Partners, LLC's 401(k) plan: 288 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [MERRILL LYNCH](https://planprovider.pro/provider/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|—|—|—|—|—|

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