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

> Kongsberg Maritime, INC.'s 401(k) plan: 575 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/melton-and-melton-llp) — 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|

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