Plan Ledger DOL Form 5500 · updated monthly

Congo, LLC401(k)

EMPLOYEE'S 401K PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
1.28%

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

Congo, LLC reported $66,226 in plan administrative expenses for 2024: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,410 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 0.87% to 1.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Kentucky (563rd of 871), and the 1,201st of 2,534 in administrative & support services. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 306 to 882 since 2022.

Plan summary
Net assets, end of year$7,322,501
Participants with balances476
Active participants882
Employer contributions$1,243,569
Employee contributions$2,246,241
Employer contribution per active participant$1,410
Average account balance$15,383
Benefits paid to participants$700,095
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 476 accts · $1.2M emplr
2023$3.0M · 235 accts · $678K emplr
2022$1.3M · 152 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,237
Investment management$60,989
Total administrative$66,226
The Congo, LLC 401(k) match · 2024
Employer contribution per active participant$1,410
Median for plans this size$1,313
2024$1,410 per active participant
2023$1,367 per active participant
2022$1,176 per active participant

Congo, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20242
ALERUS RETIREMENT SOLUTIONS · Recordkeeping · Participant communication$5,237
UNITED ADVISORS GROUP · Investment management$60,989

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$66,226 · 1.28%
2023$27,260 · 1.27%
2022$11,015 · 0.87%
Same employer
Similar plansAdministrative & Support Services · Kentucky
United Communications, Inc. KY$10.5M · 0.62%
Eml, LLC KY$9.2M · 0.99%
Management Registry, Inc KY$6.1M · 1.87%
Agc of Kentucky KY$5.8M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833603869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.