Plan Snapshot
- Plan Sponsor: Kongsberg Automotive INC
- Sponsor EIN: 382913508
- Sponsor Address: 300 SOUTH COCHRAN, WILLIS, TX, 77378
- Plan Type: 401(k)
- Total Participants: 535
- Total Assets: $44.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 535 | $44.9M | $727,235 | $1.9M |
| 2023 | 478 | $44.5M | $874,332 | $2.3M |
| 2022 | 460 | $39.2M | $885,373 | $2.3M |
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 |
|---|---|---|---|---|
| PLANTE AND MORAN PLLC | Auditor | $18,800 | — | $18,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE AND MORAN PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,800
- Estimated Expense Ratio: 0.042% 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 | $74,947 | $82,912 | — | $18,800 | — |
| 2023 | $83,753 | $75,807 | — | $7,200 | — |
| 2022 | $122,452 | $11,511 | — | — | — |