Retirement plan

KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN

Name: KYANITE MINING CORPORATION - KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN (2025) Form 5500
Creator: KYANITE MINING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN, KYANITE MINING CORPORATION

KYANITE MINING CORPORATIONEIN 20-2599676Plan #001PY 2025

30 WILLIS MOUNTAIN PLANT ROAD - DILLWYN, VA 23936434-983-2085kyanite.comLinkedIn51-200 employeesmining & metals

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.9M

-5.7% from 2024

Total participants

158

-8.1% from 2024

Average account balance

$169,535

+2.6% from 2024

Annual return

3.58%

-10.32 pp from 2024

Benchmarks

See 98 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort98 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$24.92M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$170K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

147

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.58%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$744

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC4 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Plan)	$33,100
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$32,378
ELMORE, HUPP & COMPANY, PLC10+ years Filed as: ELMORE, HUPP & COMPANY Service code 10 · EIN 54-1440048	Accounting	$26,200
WELLTH ADVISORY SERVICES LLC1 year Filed as: WELLTH ADVISORY SERVICES Service code 27 · EIN 99-2539506	Advisory (Plan)	$17,000
FRANKLIN TEMPLETON2 years Filed as: FRANKLIN TEMPLETON INVESTMENTS Service code 50 100 FOUNTAIN PARKWAY · ST. PETERSBURG, FL 337161205	Direct Payment	$691

Plan features & details

Pension benefit codes2E3D2G2J2F2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$109K

$927 / participant

Investment mgmt$51K46.4%
Contract admin$32K29.6%
Other / not subdivided$26K24.0%

% of EOY assets

0.439%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELMORE, HUPP AND COMPANY
Auditor EIN: 541440048
Audit fees: $26,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,535

$68,868+146.2%

$183,328-7.5%

$67,986+149.4%

Participation rate

90.7%

57.0%+33.7pp

77.3%+13.3pp

57.2%+33.5pp

Annual return

3.58%

28.80%-25.2pp

29.67%-26.1pp

31.67%-28.1pp

Employer contribution / active EE

$5,929

$2,917+103.3%

$5,055+17.3%

$2,019+193.7%

Participant deferral / active EE

$2,953

$4,364-32.3%

$6,795-56.5%

$3,358-12.0%

Admin fee / account holder

$744

$3,805-80.4%

$21,427-96.5%

$3,203-76.8%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC4 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Plan)

$33,100

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

$32,378

ELMORE, HUPP & COMPANY, PLC10+ years

Filed as: ELMORE, HUPP & COMPANY

Service code 10 · EIN 54-1440048

Accounting

$26,200

WELLTH ADVISORY SERVICES LLC1 year

Filed as: WELLTH ADVISORY SERVICES

Service code 27 · EIN 99-2539506

Advisory (Plan)

$17,000

FRANKLIN TEMPLETON2 years

Filed as: FRANKLIN TEMPLETON INVESTMENTS

Service code 50

100 FOUNTAIN PARKWAY · ST. PETERSBURG, FL 337161205

Direct Payment

$691

KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion