Plan Ledger DOL Form 5500 · updated monthly

Dan Cummins, Inc.401(k)

DAN CUMMINS, INC. 401(K) PLAN · PARIS, KY · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Dan Cummins, Inc. reported $91,230 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,992 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 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 379th-largest of 871 plans among Kentucky employers on file, and the 1,984th of 5,215 in retail trade. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 322 to 418 since 2022.

Plan summary
Net assets, end of year$14,290,519
Participants with balances314
Active participants418
Employer contributions$832,645
Employee contributions$1,188,960
Employer contribution per active participant$1,992
Average account balance$45,511
Benefits paid to participants$1,909,073
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 314 accts · $833K emplr
2023$12.4M · 245 accts · $777K emplr
2022$9.4M · 210 accts · $728K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,429
Trustee / custodial$82,801
Total administrative$91,230
The Dan Cummins, Inc. 401(k) match · 2024
Employer contribution per active participant$1,992
Median for plans this size$2,416
2024$1,992 per active participant
2023$2,008 per active participant
2022$2,262 per active participant

Dan Cummins, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
COMMUNITY TRUST AND INVESTMENT CO. · Recordkeeping · Custodial (securities)$91,230

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

Recordkeeper by year2
2024COMMUNITY TRUST AND INVESTMENT CO.
2023COMMUNITY TRUST AND INVESTMENT CO.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$91,230 · 0.68%
2023$79,113 · 0.73%
2022$64,522 · 0.70%
Same employer
Similar plansRetail Trade · Kentucky
Bob Sumerel Tire Company KY$14.7M · 0.05%
Don Jacobs Imports, Inc. KY$14.6M · 0.71%
Clay Ingels Co., LLC KY$14.3M · 0.16%
Ikeyless, LLC KY$13.6M · 1.03%
Blue Grass Automotive, Inc. KY$10.8M · 0.59%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 610523386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.