Plan Snapshot
- Plan Sponsor: Knpc Holdco LLC Dba Second Nature Brands
- Sponsor EIN: 381855210
- Sponsor Address: 1200 E. 14 MILE ROAD, MADISON HEIGHTS, MI, 480711421
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $20.5M
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 | 481 | $20.5M | $1.2M | $2.3M |
| 2023 | 469 | $18.5M | $756,484 | $1.5M |
| 2022 | 347 | $15.1M | $687,484 | $1.4M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, INC. | TPA | $67,901 | — | $67,901 |
| CAPTRUST FINANCIAL ADVISORS | ADVISER | $41,824 | — | $41,824 |
| CHARLES SCHWAB TRUST BANK | CUSTODIAN | $9,013 | — | $9,013 |
| FENNER MELSTROM & DOOLING, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, INC. — TPA
- CHARLES SCHWAB TRUST BANK — CUSTODIAN
- FENNER MELSTROM & DOOLING, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,738
- Estimated Expense Ratio: 0.581% 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 | $118,738 | $41,824 | — | — | — |
| 2023 | $95,015 | $41,004 | — | — | — |
| 2022 | $92,337 | $40,200 | — | — | $52,137 |