Plan Ledger DOL Form 5500 · updated monthly

Alfwear, Inc.401(k)

KUHL RETIREMENT PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.65%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Alfwear, Inc. reported $47,790 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,455 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.03% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Utah (506th of 848), and 9,474th of 13,661 in manufacturing. In 2024, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,436,645
Participants with balances333
Active participants191
Employer contributions$468,952
Employee contributions$1,191,762
Employer contribution per active participant$2,455
Average account balance$25,335
Benefits paid to participants$405,546
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 333 accts · $469K emplr
2023$6.3M · 331 accts · $461K emplr
2022$4.0M · 250 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,057
Investment management$242
Total administrative$47,790
The Alfwear, Inc. 401(k) match · 2024
Employer contribution per active participant$2,455
Median for plans this size$1,313
2024$2,455 per active participant
2023$2,451 per active participant
2022$1,980 per active participant

Alfwear, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
3 38 INVESTMENT FIDUCIARIES INC$3,491
EMPOWER ADVISORY GROUP, LLC · Investment management$242
TRANSITIONAL BROKER LLCindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$47,790 · 0.65%
2023$27,070 · 0.52%
2022$38,676 · 1.03%
Same employer
Similar plansManufacturing · Utah
Sure Steel, Inc. UT$9.0M · 0.44%
Imsar LLC UT$8.6M · 0.34%
Casper's Ice Cream, LLC UT$8.3M · 0.96%
Scientia Vascular Inc UT$7.3M · 0.58%
Enve Composites, LLC UT$7.2M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870474045 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.