Plan Ledger DOL Form 5500 · updated monthly

K-1 Speed Inc401(k)

K-1 SPEED INC 401K PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
2.90%

K-1 Speed Inc reported $21,338 in plan administrative expenses for 2024: 2.90% of average plan assets, higher than ~75% of peers. 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 0.36% to 2.90%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in California (8,890th of 9,483), and 1,242nd of 1,311 in arts, entertainment & recreation. active participation has grown from 452 to 1,315 since 2022.

Plan summary
Net assets, end of year$872,354
Participants with balances214
Active participants1,315
Employer contributions—
Employee contributions$253,023
Employer contribution per active participant—
Average account balance$4,076
Benefits paid to participants$128,668
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$872K · 214 accts
2023$598K · 155 accts
2022$364K · 129 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,111
Investment management$10,227
Total administrative$21,338
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
ADP, INC. · Loan processing · Recordkeeping$11,111
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$21,338 · 2.90%
2023$5,053 · 1.05%
2022$1,277 · 0.36%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 208707035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.