Plan Snapshot
- Plan Sponsor: Kurita America INC.
- Sponsor EIN: 411255017
- Sponsor Address: 6600 94TH AVENUE NORTH, MINNEAPOLIS, MN, 55445
- Plan Type: 401(k)
- Total Participants: 516
- Total Assets: $91.4M
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 | 516 | $91.4M | $2.3M | $4.8M |
| 2023 | 502 | $82.2M | $2.2M | $4.6M |
| 2022 | 536 | $73.9M | $2.3M | $4.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $97,590 | — | $97,590 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $30,728 | — | $30,728 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,318
- Estimated Expense Ratio: 0.140% 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 | $128,338 | $30,748 | — | — | — |
| 2023 | $134,179 | $34,852 | — | — | — |
| 2022 | $125,795 | $20,543 | $105,252 | — | — |