Plan Snapshot
- Plan Sponsor: Kranze Technology
- Sponsor EIN: 010839893
- Sponsor Address: 1794 WINTHROP DRIVE, DES PLAINES, IL, 60018
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $8.3M
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 | 139 | $8.3M | $2.2M | $746,355 |
| 2023 | 125 | $3.9M | $1.9M | $545,700 |
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 |
|---|---|---|---|---|
| SAVANT CAPITAL MANAGEMENT | ADVISOR | $19,067 | — | $19,067 |
| PCS RETIREMENT, LLC | CONTRACT ADMINISTRATOR | $10,039 | — | $10,039 |
| BDO USA, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAVANT CAPITAL MANAGEMENT — ADVISOR
- PCS RETIREMENT, LLC — CONTRACT ADMINISTRATOR
- BDO USA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,106
- Estimated Expense Ratio: 0.352% 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 | $28,976 | $19,067 | — | — | — |
| 2023 | $12,418 | $3,341 | — | — | — |