2023 Form 5500 filing — Knit-Rite, LLC Employees 401k Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240808101535NAL0002659795001) for Knit-Rite, LLC Employees 401k Profit Sharing Plan, reported by Knit-Rite, LLC under EIN 43-1600470 and plan number 001. It reports 198 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240808101535NAL0002659795001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Knit-Rite, LLC
- EIN
- 43-1600470
- Plan number
- 001
- Location
- Kansas City, KS
- Participants
- 198
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,167,345
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,167,345
- Employer contributions
- $147,916
- Participant contributions
- $655,975
- Total income / additions
- $2,261,767
- Benefits paid
- $731,991
- Administrative expenses
- $18,126
- Total expenses
- $750,117
- Net increase / (decrease)
- $1,511,650
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $59,094 | $0 |
| Compensation Benefit Planning, Inc. | CONTRACT ADMIN | $11,770 | not reported in the loaded dataset |
| Erp National LLC Dba Erp Retirement | CONTRACT ADMIN | $735 | not reported in the loaded dataset |
| Mmlis | BROKER/ADVISER | $0 | $178 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $89 | not reported in the loaded dataset |