Plan Snapshot
- Plan Sponsor: Knorr-Bremse
- Sponsor EIN: 161385584
- Sponsor Address: 748 STARBUCK AVE., WATERTOWN, NY, 13601
- Plan Type: 401(k)
- Total Participants: 2,068
- Total Assets: $251.5M
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 | 2,068 | $251.5M | $9.7M | $9.9M |
| 2023 | 1,112 | $198.5M | $7.1M | $7.2M |
| 2022 | 1,099 | $172.7M | $6.2M | $6.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $121,806 | — | $121,806 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $62,129 | — | $62,129 |
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,935
- Estimated Expense Ratio: 0.073% 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 | $183,935 | $62,129 | $1,500 | — | — |
| 2023 | $113,453 | $72,271 | $1,500 | — | — |
| 2022 | $238,540 | $55,062 | — | — | — |