Plan Snapshot
- Plan Sponsor: Klein Tools, INC.
- Sponsor EIN: 263795226
- Sponsor Address: 500 KLEIN TOOLS BLVD., MANSFIELD, TX, 76063
- Plan Type: 401(k)
- Total Participants: 1,525
- Total Assets: $179.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,525 | $179.8M | $5.7M | $10.0M |
| 2023 | 1,533 | $161.5M | $5.5M | $9.6M |
| 2022 | 1,501 | $136.0M | $5.1M | $9.1M |
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 |
|---|---|---|---|---|
| SIKICH CPA LLC | Auditor | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,000
- Estimated Expense Ratio: 0.009% 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 | $216,792 | $6,250 | — | $16,000 | — |
| 2023 | $269,856 | — | — | $16,000 | — |
| 2022 | $209,879 | $25,000 | — | — | $41,489 |