Plan Snapshot
- Plan Sponsor: Kyanite Mining Corporation
- Sponsor EIN: 202599676
- Sponsor Address: 30 WILLIS MOUNTAIN PLANT ROAD, DILLWYN, VA, 23936
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $24.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 118 | $24.9M | $699,647 | $348,508 |
| 2023 | 125 | $26.4M | $699,687 | $401,702 |
| 2022 | 128 | $24.9M | $945,033 | $371,363 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $33,100 | — | $33,100 |
| ASCENSUS LLC | Other Service Provider | $32,378 | — | $32,378 |
| ELMORE, HUPP & COMPANY | Other Service Provider | $26,200 | — | $26,200 |
| WELLTH ADVISORY SERVICES | Other Service Provider | $17,000 | — | $17,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,678
- Estimated Expense Ratio: 0.436% 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 | $109,369 | $50,791 | $32,378 | $26,200 | — |
| 2023 | $66,123 | $28,640 | $37,483 | — | — |
| 2022 | $165,489 | $80,192 | $53,647 | — | $31,650 |