Plan Snapshot
- Plan Sponsor: Kss Acquisition Sales & Services, LLC Dba Smith Industries LLC
- Sponsor EIN: 202289508
- Sponsor Address: 3601 E STATE HWY 158, MIDLAND, TX, 79706
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $2.2M
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 | 117 | $2.2M | $255,198 | $466,262 |
| 2023 | 112 | $1.7M | $196,881 | $348,439 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $2,848 | $4,788 | $7,636 |
| PENSION PLANNING CONSULTANTS INC | NONE | $7,083 | — | $7,083 |
| KRUGGEL LAWTON & COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- KRUGGEL LAWTON & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,719
- Estimated Expense Ratio: 0.659% 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 | $33,565 | — | $7,083 | — | — |
| 2023 | $17,380 | — | $2,500 | — | — |