Plan Snapshot
- Plan Sponsor: Kit Masters, INC.
- Sponsor EIN: 411839163
- Sponsor Address: 825 - 1ST STREET NE, PERHAM, MN, 56573
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $6.9M
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 | 169 | $6.9M | $232,301 | $380,999 |
| 2023 | 160 | $5.9M | $222,855 | $343,701 |
| 2022 | 173 | $5.1M | $212,473 | $358,315 |
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 |
|---|---|---|---|---|
| EDWARD D JONES & CO LP | INVESTMENT ADVISOR | $21,999 | — | $21,999 |
| TSC 401K | CONTRACT ADMIN | $10,510 | $2,991 | $13,501 |
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,500
- Estimated Expense Ratio: 0.514% 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 | $12,653 | — | — | — | — |
| 2023 | $8,948 | — | — | — | — |
| 2022 | $5,463 | — | — | — | — |