Plan Snapshot
- Plan Sponsor: Kongsberg Maritime, INC.
- Sponsor EIN: 911476574
- Sponsor Address: 19210 33RD AVE W STE A, LYNNWOOD, WA, 980364749
- Plan Type: 401(k)
- Total Participants: 575
- Total Assets: $95.4M
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 | 575 | $95.4M | $2.6M | $4.7M |
| 2023 | 509 | $84.9M | $2.5M | $4.5M |
| 2022 | 464 | $71.0M | $2.1M | $4.0M |
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 |
|---|---|---|---|---|
| MELTON & MELTON, L.L.P | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MELTON & MELTON, L.L.P — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $164,249 | $37,396 | $126,853 | — | — |
| 2023 | $141,533 | $36,170 | $105,363 | — | — |
| 2022 | $131,427 | $19,005 | $103,675 | — | $8,747 |