Plan Snapshot
- Plan Sponsor: Kraft & Kennedy, INC.
- Sponsor EIN: 800610191
- Sponsor Address: 630 THIRD AVENUE 14TH FLOOR, NEW YORK, NY, 100176557
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $20.5M
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 | 146 | $20.5M | $498,756 | $1.3M |
| 2023 | 140 | $16.5M | $390,682 | $1.2M |
| 2022 | 110 | $12.9M | $329,354 | $958,256 |
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 |
|---|---|---|---|---|
| PHILLIPS GOLD AND COMPANY LLP | AUDITOR | $24,500 | — | $24,500 |
| TRANSAMERICA FINANCIAL LIFE INS CO | RECORDKEEPER | $6,642 | — | $6,642 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,142
- Estimated Expense Ratio: 0.152% 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 | $35,368 | $3,676 | — | $24,500 | — |
| 2023 | $31,994 | $2,915 | — | $23,000 | — |
| 2022 | $29,857 | $2,642 | — | — | $22,000 |