PT presets from kontakt 4 not opening in kontakt 5

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Installed kontakt 5 and my PT presets created with kontakt 4 are not visible nor will they open in kontakt 5 when dragged over to the kontakt 5 folder at HD-Library-application support-Digidesign-Plug-in settings . I can see the Sub-folders that contain my presets, but the .tfx files do not appear at all when navigating in the root settings folder for kontakt 5. (kontakt 4 still sees .tfx files fine by the way).

Does anyone know what the fix is to make plug-in settings presets work in new versions of plugs?

To be clear, I'm talking about the preset in plugin settings that are managed by Pro Tools, not the management within kontakt itself.