Plan Snapshot
- Plan Sponsor: Kravet LLC
- Sponsor EIN: 113265273
- Sponsor Address: 250 CROSSWAYS PARK DRIVE, WOODBURY, NY, 11797
- Plan Type: 401(k)
- Total Participants: 739
- Total Assets: $66.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 739 | $66.1M | $424,978 | $4.1M |
| 2023 | 746 | $60.0M | $395,039 | $3.7M |
| 2022 | 753 | $50.2M | $333,322 | $3.2M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP, INC. | RECORDKEEPER | $100,402 | — | $100,402 |
| ALLIANT RETIREMENT SERVICES | TPA | $60,626 | — | $60,626 |
| VAGUARD ADVISERS INC. | ADVISOR | $20,027 | — | $20,027 |
| BAKER TILY US, LLP | AUDITOR | $8,000 | — | $8,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD GROUP, INC. — RECORDKEEPER
- VAGUARD ADVISERS INC. — ADVISOR
- BAKER TILY US, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,055
- Estimated Expense Ratio: 0.286% 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 | $182,295 | — | $182,295 | — | — |
| 2023 | $219,937 | — | $219,937 | — | — |
| 2022 | $166,839 | $166,839 | — | — | — |