Plan Snapshot
- Plan Sponsor: Klas Enterprises, LLC
- Sponsor EIN: 860878379
- Sponsor Address: 365 SOUTH GARDEN GROVE LANE, PLEASANT GROVE, UT, 84062
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $26.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 195 | $26.2M | $906,457 | $1.3M |
| 2023 | 222 | $23.0M | $912,915 | $1.4M |
| 2022 | 200 | $17.5M | $794,562 | $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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES INC | INVESTMENT ADVISOR | $44,498 | — | $44,498 |
| EMPOWER ANNUITY INSUR CO OF AMERICA | RECORDKEEPER | $37,740 | — | $37,740 |
| PENSIONS PLUS, INC. | CONTRACT ADMIN | $20,081 | — | $20,081 |
| SQUIRE & COMPANY PC | AUDITOR | $7,793 | — | $7,793 |
| SQUIRE AND COMPANY, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SQUIRE AND COMPANY, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,112
- Estimated Expense Ratio: 0.421% 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 | $111,755 | — | $111,755 | — | — |
| 2023 | $91,753 | — | $91,753 | — | — |
| 2022 | $84,870 | $84,870 | — | — | — |