Plan Snapshot
- Plan Sponsor: Koons Of Silver Spring, INC.
- Sponsor EIN: 271922654
- Sponsor Address: 3111 AUTOMOBILE BLVD, SILVER SPRING, MD, 20904
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 166 | $8.5M | $240,867 | $712,384 |
| 2023 | 130 | $7.3M | $166,569 | $693,614 |
| 2022 | 114 | $5.6M | $251,203 | $712,404 |
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 WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $21,635 | — | $21,635 |
| CETERA INVESTMENT ADVISORS LLC | ADVISOR | $11,060 | — | $11,060 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,695
- Estimated Expense Ratio: 0.385% 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 | $32,694 | $11,060 | $2,553 | — | — |
| 2023 | $22,853 | $8,933 | — | — | — |
| 2022 | $34,619 | — | — | — | — |