Plan Snapshot
- Plan Sponsor: Kurtz Bros., INC.
- Sponsor EIN: 341152347
- Sponsor Address: 6415 GRANGER ROAD, INDEPENDENCE, OH, 44131
- Plan Type: 401(k)
- Total Participants: 415
- Total Assets: $24.7M
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 | 415 | $24.7M | $636,634 | $1.6M |
| 2023 | 309 | $21.4M | $517,273 | $1.4M |
| 2022 | 314 | $18.1M | $470,988 | $1.2M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE AND ANNUI | RECORDKEEPER | $70,967 | — | $70,967 |
| COHEN & COMPANY, LTD | NONE | $19,000 | — | $19,000 |
| COHEN & COMPANY, LTD. | Auditor | $19,000 | — | $19,000 |
| CBIZ BENEFITS & INS SERVICES, INC. | OTHER | $11,025 | — | $11,025 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,992
- Estimated Expense Ratio: 0.485% 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 | $100,828 | -$172 | $20,775 | $19,000 | — |
| 2023 | $99,595 | $185 | $26,050 | $22,000 | — |
| 2022 | $80,169 | $19,380 | $42,289 | — | $18,500 |