# Kyanite Mining Corporation 401(k) Plan
Source: https://planprovider.pro/companies/kyanite-mining-corporation-202599676-001

> Kyanite Mining Corporation's 401(k) plan: 118 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/global-retirement-partners-llc) — 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|

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