Plan Snapshot
- Plan Sponsor: Kyra Solutions, INC.
- Sponsor EIN: 593438373
- Sponsor Address: 4454 FLORIDA NATIONAL DRIVE, LAKELAND, FL, 33813
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 143
- Total Assets: $18.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 143 | $18.5M | $0 | $0 |
| 2024 | 114 | $15.0M | $442,547 | $833,897 |
| 2023 | 115 | $12.0M | $429,835 | $825,343 |
| 2022 | 106 | $9.0M | $381,848 | $726,705 |
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 |
|---|---|---|---|---|
| KINGSWOOD WEALTH ADVISORS, LLC | Other Service Provider | — | $41,230 | $41,230 |
| ASCENSUS | Recordkeeper | — | $7,828 | $7,828 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,058
- Estimated Expense Ratio: 0.265% 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 |
|---|---|---|---|---|---|
| 2025 | $434,450 | — | $4,075 | — | — |
| 2024 | $2,220 | — | $2,220 | — | — |
| 2023 | $1,510 | — | $1,510 | — | — |
| 2022 | $1,260 | — | $1,260 | — | — |