Plan Snapshot
- Plan Sponsor: Kings Oil Tools, INC.
- Sponsor EIN: 942850782
- Sponsor Address: 2235 SPRING STREET, PASO ROBLES, CA, 93446
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 219
- Total Assets: $12.6M
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 | 219 | $12.6M | $242,549 | $1.1M |
| 2023 | 216 | $10.8M | $240,758 | $1.1M |
| 2022 | 251 | $9.1M | $237,277 | $976,746 |
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 |
|---|---|---|---|---|
| FREEDOM FIDUCIARIES LLC | Investment Advisor | $21,953 | — | $21,953 |
| MPWA INC DBA MESTMAKER AND PETREY | Investment Advisor | $21,953 | — | $21,953 |
| PENSION ASSURANCE LLP | Auditor | $15,626 | — | $15,626 |
| QUALIFIED SERVICES INC DBA HICKS | Other Service Provider | $15,509 | — | $15,509 |
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $7,753 | — | $7,753 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FREEDOM FIDUCIARIES LLC — Investment Advisor
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,794
- Estimated Expense Ratio: 0.659% 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 | $66,945 | — | $66,945 | — | — |
| 2023 | $55,269 | — | $55,269 | — | — |
| 2022 | $39,385 | — | $39,385 | — | — |