Plan Snapshot
- Plan Sponsor: Locknet
- Sponsor EIN: 611249841
- Sponsor Address: 800 JOHN C. WATTS DR., NICHOLASVILLE, KY, 40356
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $6.5M
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. |
|---|---|---|---|---|
| 2024 | 179 | $6.5M | $328,210 | $535,959 |
| 2023 | 122 | $5.0M | $279,093 | $450,044 |
| 2022 | 150 | $3.4M | $240,257 | $383,628 |
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 |
|---|---|---|---|---|
| BESTEN & DIERUF, PLLC | 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 | $65,912 | — | $64,112 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $37,127 | — | $35,957 | — | $1,170 |