Plan Snapshot
- Plan Sponsor: Kt Enterprises, INC.
- Sponsor EIN: 541086441
- Sponsor Address: 8040 INDUSTRIAL PARK COURT, BRISTOW, VA, 20136
- Plan Type: 401(k)
- Total Participants: 278
- Total Assets: $20.6M
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 | 278 | $20.6M | $485,002 | $1.0M |
| 2023 | 290 | $19.1M | $495,494 | $1.0M |
| 2022 | 297 | $16.3M | $468,193 | $961,506 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $121,466 | — | $121,466 |
| RETIRMENT PLANNERS AND ADMINSTRATOR | Recordkeeper | $7,200 | $19,212 | $26,412 |
| TRUIST ADVISORY SERVICES INC | Investment Advisor | — | $26,334 | $26,334 |
| THOMPSON GREENSPON CPA & ADVISORS | Auditor | — | $17,750 | $17,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THOMPSON GREENSPON CPA & ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,962
- Estimated Expense Ratio: 0.930% 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 | $128,667 | — | $128,667 | — | — |
| 2023 | $109,566 | — | $109,566 | — | — |
| 2022 | $90,373 | — | $90,373 | — | — |