# Kongsberg Automotive INC 401(k) Plan
Source: https://planprovider.pro/companies/kongsberg-automotive-inc-401k-plan

> Kongsberg Automotive INC's 401(k) plan: 535 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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