Plan Snapshot
- Plan Sponsor: Knight Material Technologies, LLC
- Sponsor EIN: 481248315
- Sponsor Address: 5385 ORCHARD VIEW DR, EAST CANTON, OH, 44730
- Plan Type: 401(k)
- Total Participants: 311
- Total Assets: $13.1M
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 | 311 | $13.1M | $969,300 | $966,478 |
| 2023 | 279 | $10.0M | $909,198 | $876,695 |
| 2022 | 139 | $7.2M | $619,498 | $654,694 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $28,638 | — | $28,638 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $7,439 | — | $7,439 |
| CLA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,077
- Estimated Expense Ratio: 0.274% 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 | $36,077 | $7,439 | — | — | — |
| 2023 | $24,978 | $4,989 | — | — | — |
| 2022 | — | — | — | — | — |