Kpit Technologies Inc. 401(K) Retirement Savings Plan — Form 5500 plan (Kpit Technologies Inc.)
Plain-English plan 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, Kpit Technologies Inc. 401(K) Retirement Savings Plan is a benefit plan reported by Kpit Technologies Inc. under EIN 83-0784802 and plan number 001. The latest loaded filing year is 2023. The filing reports 403 participants and $9,770,052 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$9.8MPlan net assets, end of year$9,770,052
Participants403Covered participants reported
Assets / participant$24.2KComputed: assets ÷ participants$24,243 (computed)
Provider compensation$78K3 Schedule C provider row(s)$77,985
- Plan sponsor
- Kpit Technologies Inc.
- EIN
- 83-0784802
- Plan number
- 001
- Plan type
- 2
- Location
- Novi, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 403 | H, C | 20241013100809NAL0012384099001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$9.8M total assets
Net assets$9.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $9,770,052
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,770,052
- Net assets (BOY)
- $6,138,146
Income & contributions
- Employer contributions
- $956,177
- Participant contributions
- $2,053,444
- Total contributions
- $3,041,208
- Total income / additions
- $4,331,084
Expenses & distributions
- Benefits paid
- $946,122
- Administrative expenses
- $77,985
- Total expenses
- $1,024,107
- Net increase / (decrease)
- $3,306,977
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
32%68%
Employer 32%Participant 68%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income22%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $46,082 | $0 | 2023 |
| Lpl Financial Corporation Rpcp | INVESTMENT/FINANCIAL ADVI | $31,903 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |