Plan Snapshot
- Plan Sponsor: King Plastic Corporation
- Sponsor EIN: 591223299
- Sponsor Address: 1100 N TOLEDO BLADE BLVD, NORTH PORT, FL, 34288
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 139 | $7.3M | $117,634 | $481,685 |
| 2023 | 130 | $6.5M | $97,643 | $451,504 |
| 2022 | 129 | $5.3M | $100,444 | $397,587 |
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 |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN LP | Investment Advisor | $19,369 | — | $19,369 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $15,174 | — | $15,174 |
| THE RETIREMENT ADVANTAGE INC | Other Service Provider | $5,732 | — | $5,732 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,275
- Estimated Expense Ratio: 0.550% 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 | $34,276 | — | $34,276 | — | — |
| 2023 | $32,482 | — | $32,482 | — | — |
| 2022 | $19,837 | — | $19,837 | — | — |