Plan Snapshot
- Plan Sponsor: The Kings Academy INC.
- Sponsor EIN: 591298881
- Sponsor Address: 8401 BELVEDERE ROAD, WEST PALM BEACH, FL, 33411
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 293
- Total Assets: $16.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 293 | $16.2M | $901,120 | $843,372 |
| 2023 | 268 | $13.0M | $595,166 | $862,580 |
| 2022 | 238 | $11.5M | $613,946 | $621,586 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $1,239 | $75,720 | $76,959 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,959
- Estimated Expense Ratio: 0.476% 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 | $639 | — | $639 | — | — |
| 2023 | $760 | — | $760 | — | — |
| 2022 | $360 | — | $360 | — | — |