Plan Ledger DOL Form 5500 · updated monthly

American Kenda Rubber Industrial Co., LTD.401(k)

KENDA GROUP COMPANY 401(K) RETIREMENT PLAN · REYNOLDSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

American Kenda Rubber Industrial Co., LTD. reported $113,107 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $770 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 rose from 0.48% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,326th-largest of 3,295 plans among Ohio employers on file, and the 1,892nd of 4,246 in wholesale trade. In 2024, employees put in $3.52 for every $1.00 the employer contributed; active participation has grown from 450 to 502 since 2022.

Plan summary
Net assets, end of year$19,920,938
Participants with balances346
Active participants502
Employer contributions$386,785
Employee contributions$1,359,946
Employer contribution per active participant$770
Average account balance$57,575
Benefits paid to participants$1,322,407
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 346 accts · $387K emplr
2023$17.3M · 261 accts · $330K emplr
2022$14.5M · 246 accts · $291K emplr
The American Kenda Rubber Industrial Co., LTD. 401(k) match · 2024
Employer contribution per active participant$770
Median for plans this size$2,416
2024$770 per active participant
2023$667 per active participant
2022$646 per active participant

American Kenda Rubber Industrial Co., LTD.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$46,218
EMPOWER ADVISORY GROUP · Investment management$15,061
THE BENEFIT ADVANTAGE, INC · Contract administrator$13,040
GBQ, PARTNERS, LLC · Accounting / audit$11,400

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$113,107 · 0.61%
2023$82,240 · 0.52%
2022$76,435 · 0.48%
Same employer
Similar plansWholesale Trade · Ohio
Bgr, Inc. OH$20.5M · 0.15%
Northern Frozen Foods, Inc. OH$20.4M · 0.06%
The Sanson Company OH$20.3M · 0.03%
A-Gas US Inc. OH$19.6M · 0.26%
Health Care Logistics, Inc. OH$19.5M · 0.59%
Gardner, Inc. OH$19.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311320721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.