# Kit Masters, INC. 401(k) Plan
Source: https://planprovider.pro/companies/kit-masters-inc-401k-plan

> Kit Masters, INC.'s 401(k) plan: 169 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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