Plan Snapshot
- Plan Sponsor: Koch Development Corporation
- Sponsor EIN: 350809297
- Sponsor Address: 452 E. CHRISTMAS BLVD., SANTA CLAUS, IN, 47579
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $11.4M
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 | 125 | $11.4M | $302,683 | $760,860 |
| 2023 | 108 | $10.1M | $297,006 | $687,510 |
| 2022 | 125 | $8.4M | $282,289 | $654,843 |
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 | $32,866 | — | $32,866 |
| GERMAN AMERICAN FIN ADV AND TR CO | Investment Advisor | $26,296 | — | $26,296 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,162
- Estimated Expense Ratio: 0.517% 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 | $59,162 | $26,296 | — | — | — |
| 2023 | $48,130 | $21,829 | — | — | — |
| 2022 | $50,502 | — | — | — | — |