Plan Snapshot
- Plan Sponsor: Kirby Foods, INC.
- Sponsor EIN: 370756504
- Sponsor Address: 4102B FIELDSTONE ROAD, CHAMPAIGN, IL, 618228803
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 420
- Total Assets: $6.1M
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. |
|---|---|---|---|---|
| 2025 | 420 | $6.1M | $0 | $0 |
| 2024 | 398 | $5.8M | $55,019 | $213,038 |
| 2023 | 353 | $5.4M | $56,676 | $239,442 |
| 2022 | 340 | $4.9M | $59,048 | $277,180 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $58,818 | — | $58,818 |
| CREATIVE PLANNING, INC. | Investment Advisor | — | $25,966 | $25,966 |
| KIRBY FOODS, INC. | Other Service Provider | $3,375 | $10,800 | $14,175 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,959
- Estimated Expense Ratio: 1.615% 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 |
|---|---|---|---|---|---|
| 2025 | $1,020,279 | — | $58,818 | $3,374 | — |
| 2024 | $62,328 | — | $59,479 | $2,849 | — |
| 2023 | $57,530 | — | $55,468 | $2,062 | — |
| 2022 | $56,649 | — | $55,354 | — | $1,295 |