Plan Ledger DOL Form 5500 · updated monthly

Flynn Enterprises, LLCProfit-sharing plan

FLYNN ENTERPRISES LLC RESTATED PROFIT SHARING PLAN · HOPKINSVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Flynn Enterprises, LLC reported $7,137 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,000 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 0.41% to 0.29%. 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 Kentucky (748th of 871), and 12,516th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,583,583
Participants with balances163
Active participants100
Employer contributions$200,000
Employee contributions—
Employer contribution per active participant$2,000
Average account balance$15,850
Benefits paid to participants$101,310
Plan auditUnmodified (clean) audit opinion
AuditorDGA PSC
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 163 accts · $200K emplr
2023$2.4M · 156 accts · $200K emplr
2022$2.3M · 168 accts · $200K emplr
Administrative expenses, itemized · 2024
Investment management$7,137
Total administrative$7,137
Employer contributions to the Flynn Enterprises, LLC plan · 2024
Employer contribution per active participant$2,000
Median for plans this size$1,313
2024$2,000 per active participant
2023$2,105 per active participant
2022$2,041 per active participant

Flynn Enterprises, 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 · 20241
TRUIST BANK$6,686

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$7,137 · 0.29%
2023$10,275 · 0.43%
2022$10,000 · 0.41%
Same employer
Similar plansManufacturing · Kentucky
Cumberland Cooperage LLC KY$2.7M · 0.61%
Bruss North America, Inc. KY$2.7M · 0.10%
Johnan America , Inc KY$2.5M · 0.67%
Ermanco Conveyor, Inc. KY$2.2M · 0.05%
Iwis-Daido, LLC KY$1.7M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610894854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.