Plan Snapshot
- Plan Sponsor: Kismet Peo, LLC
- Sponsor EIN: 841889244
- Sponsor Address: 30 E. STATE STREET, SHARON, PA, 16146
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $13.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 131 | $13.8M | $571,767 | $816,753 |
| 2023 | 137 | $11.9M | $499,358 | $747,459 |
| 2022 | 129 | $10.3M | $641,795 | $671,759 |
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 |
|---|---|---|---|---|
| BKS FINANCIAL INVESTMENTS | Investment Advisor | $24,777 | — | $24,777 |
| NEWPORT GROUP, INC. | Recordkeeper | $19,167 | — | $19,167 |
| NEWPORT TRUST COMPANY | Custodian / Trustee | $6,192 | — | $6,192 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,136
- Estimated Expense Ratio: 0.363% 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 | $50,136 | $24,777 | $15,350 | — | — |
| 2023 | $43,709 | $19,846 | $15,748 | — | — |
| 2022 | $53,050 | $30,177 | $17,830 | — | $5,043 |