Essig and Associates, Inc.401(k)
ESSIG AND ASSOCIATES 401(K) PLAN · KEARNEY, MO · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Essig and Associates, Inc. reported $6,737 in plan administrative expenses for 2023: 1.25% of average plan assets, above the peer median. Employer contributions averaged $493 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 1 year on file its reported administrative ratio rose from 0.89% to 1.25%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Missouri (1,343rd of 1,393), and 1,799th of 2,240 in accommodation & food services. In 2023, employees put in $1.46 for every $1.00 the employer contributed; active participation has shrunk from 558 to 395 since 2022.
Essig and Associates, Inc.'s 2023 employer contribution ran below the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 431733212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.