Plan Snapshot
- Plan Sponsor: Krones, INC.
- Sponsor EIN: 391082240
- Sponsor Address: P.O. BOX 321801, FRANKLIN, WI, 53132
- Plan Type: 401(k)
- Total Participants: 1,356
- Total Assets: $242.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,356 | $242.7M | $4.7M | $10.9M |
| 2023 | 1,014 | $201.9M | $4.2M | $9.3M |
| 2022 | 963 | $174.2M | $3.4M | $8.0M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $80,994 | — | $80,994 |
| FIDUCIENT ADVISORS | CONSULTANT | $64,000 | — | $64,000 |
| VRAKAS | CONSULTANT | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- VRAKAS — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,994
- Estimated Expense Ratio: 0.064% 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 | $90,784 | $80,994 | $1,500 | — | — |
| 2023 | $51,476 | $67,878 | $900 | — | — |
| 2022 | $60,096 | $57,397 | — | — | — |