Plan Snapshot
- Plan Sponsor: King Solutions, INC.
- Sponsor EIN: 411978966
- Sponsor Address: 11011 HOLLY LANE N, MAPLE GROVE, MN, 55369
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $13.4M
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 | 127 | $13.4M | $289,728 | $851,848 |
| 2023 | 135 | $11.9M | $311,321 | $774,200 |
| 2022 | 173 | $10.0M | $328,379 | $858,123 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $33,762 | — | $33,762 |
| KESTRA ADVISORY SERVICES | INVESTMENT/FINANCIAL ADVI | $29,936 | — | $29,936 |
| ABDO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- KESTRA ADVISORY SERVICES — INVESTMENT/FINANCIAL ADVI
- ABDO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,698
- Estimated Expense Ratio: 0.474% 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 | $63,698 | $55,678 | — | — | — |
| 2023 | $55,145 | $50,361 | — | — | — |
| 2022 | $56,065 | — | — | — | — |