Plan Snapshot
- Plan Sponsor: Kingland Systems, LLC
- Sponsor EIN: 421396894
- Sponsor Address: 1401 6TH AVENUE SOUTH, CLEAR LAKE, IA, 50428
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 160
- Total Assets: $32.0M
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 | 160 | $32.0M | $506,222 | $1.8M |
| 2023 | 164 | $25.8M | $473,442 | $1.8M |
| 2022 | 166 | $19.3M | $444,541 | $1.5M |
| 2020 | 148 | $17.8M | $326,575 | $1.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $6,863 | — | $6,863 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,649 | — | $5,649 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,512
- 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 | $12,512 | $5,649 | — | — | — |
| 2023 | $10,341 | $4,566 | — | — | — |
| 2022 | $8,771 | $2,286 | — | — | — |
| 2020 | $6,157 | $751 | — | — | — |