Plan Snapshot
- Plan Sponsor: Kvh Industries, INC.
- Sponsor EIN: 050420589
- Sponsor Address: 75 ENTERPRISE CENTER, MIDDLETOWN, RI, 02842
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $40.6M
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 | 105 | $40.6M | $353,313 | $1.3M |
| 2023 | 177 | $41.7M | $415,856 | $1.5M |
| 2022 | 189 | $42.8M | $595,836 | $2.3M |
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 |
|---|---|---|---|---|
| FIONDELLA MILONE & LASARACINA L | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $87,674 | $50,034 | — | — | — |
| 2023 | $106,007 | $50,000 | — | — | — |
| 2022 | $119,960 | — | — | — | — |