Plan Ledger DOL Form 5500 · updated monthly

Industrial Kiln & Dryer Group, Inc.401(k)

MIDLAND SAVINGS AND RETIREMENT PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Industrial Kiln & Dryer Group, Inc. reported $71,776 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $755 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 0.38% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 318th-largest of 871 plans among Kentucky employers on file, and the 6,348th of 13,661 in manufacturing. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has grown from 324 to 373 since 2022.

Plan summary
Net assets, end of year$17,977,453
Participants with balances154
Active participants373
Employer contributions$281,787
Employee contributions$1,110,512
Employer contribution per active participant$755
Average account balance$116,737
Benefits paid to participants$1,876,398
Plan auditUnmodified (clean) audit opinion
AuditorKING + COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 154 accts · $282K emplr
2023$16.0M · 110 accts
2022$13.5M · 100 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,591
Investment management$63,185
Total administrative$71,776
The Industrial Kiln & Dryer Group, Inc. 401(k) match · 2024
Employer contribution per active participant$755
Median for plans this size$2,416

Industrial Kiln & Dryer Group, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$44,227
LPL FINANCIAL CORPORATION · Investment advisory (plan)$63,185

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Industrial Kiln & Dryer Group, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,776 · 0.42%
2023$58,719 · 0.40%
2022$55,798 · 0.38%
Similar plansManufacturing · Kentucky
Whip Mix Corporation KY$20.0M · 0.31%
Mbv-Ca, LLC KY$19.4M · 0.32%
Hexatronic US Holding, Inc. KY$18.4M · 0.50%
Stober Drives, Inc. KY$18.0M · 0.37%
Cc Metals and Alloys, LLC KY$17.3M · 0.04%
Virtus Precision Tube LLC KY$17.2M · 0.07%
Enovapremier, LLC KY$17.2M · 0.59%
Pds Consultants, Inc. KY$16.9M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611352665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.