Plan Snapshot
- Plan Sponsor: Klaben Automotive Group, INC.
- Sponsor EIN: 341855907
- Sponsor Address: 1089 W MAIN ST, KENT, OH, 44240
- Plan Type: 401(k)
- Total Participants: 230
- Total Assets: $23.8M
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 | 230 | $23.8M | $318,465 | $1.3M |
| 2023 | 216 | $21.5M | $301,865 | $1.3M |
| 2022 | 199 | $19.1M | $299,960 | $1.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $29,911 | — | $29,911 |
| D'AMICO WAWRIN & COMPANY CPAS, LLC | ACCOUNTANT | $12,500 | — | $12,500 |
| D'AMICO WAWRIN & COMPANY CPAS LLC | Auditor | $12,500 | — | $12,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- D'AMICO WAWRIN & COMPANY CPAS, LLC — ACCOUNTANT
- D'AMICO WAWRIN & COMPANY CPAS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,911
- Estimated Expense Ratio: 0.230% 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 | $44,912 | $29,911 | — | $12,500 | — |
| 2023 | $42,454 | — | — | $6,950 | — |
| 2022 | $53,936 | — | — | — | — |