Plan Ledger DOL Form 5500 · updated monthly

Frazier, Inc.401(k)

CONKLIN CARS SALARY REDUCTION PLAN · HUTCHINSON, KS · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Frazier, Inc. reported $84,829 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,344 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 281st-largest of 828 plans among Kansas employers on file, and 423rd of 786 in management of companies. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,149,791
Participants with balances137
Active participants172
Employer contributions$231,202
Employee contributions$639,283
Employer contribution per active participant$1,344
Average account balance$161,677
Benefits paid to participants$1,119,723
Plan auditUnmodified (clean) audit opinion
AuditorLINDBURG VOGEL PIERCE FARIS, CHTD
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 137 accts · $231K emplr
2023$19.1M · 127 accts · $214K emplr
2022$15.8M · 128 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,043
Investment management$3,955
Audit (IQPA)$12,500
Trustee / custodial$61,331
Total administrative$84,829
The Frazier, Inc. 401(k) match · 2024
Employer contribution per active participant$1,344
Median for plans this size$2,416
2024$1,344 per active participant
2023$1,122 per active participant
2022$1,242 per active participant

Frazier, 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 · 20243
INTRUST BANK, N.A. · Recordkeeping · Trustee (discretionary)$43,503
FIRST NATIONAL BANK OF HUTCHINSON · Trustee$28,826
LINDBURG VOGEL PIERCE FARIS, CHTD · Accounting / audit$12,500

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

Recordkeeper by year2
2024INTRUST BANK, N.A.
2023INTRUST BANK, N.A.

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Administrative cost history3
2024$84,829 · 0.41%
2023$73,794 · 0.42%
2022$77,654 · 0.43%
Similar plansManagement of Companies · Kansas
Ceva U.S. Holdings, Inc. KS$71.0M · 0.25%
Lrico Services, LLC KS$48.6M · 0.39%
Ottawa Bancshares, Inc. KS$27.4M · 0.01%
Ubt Bancshares, Inc. KS$13.9M · 0.15%
The Kincaid Group KS$6.1M · 0.58%
Birds Eye Holdings, LLC KS$3.8M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480817631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.