Plan Ledger DOL Form 5500 · updated monthly

K & D401(k)

K & D MANAGEMENT 401(K) RETIREMENT PLAN · WILLOUGHBY, OH · plan year 2024

Reported admin expense ratio · 2024
1.39%

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

K & D reported $41,196 in plan administrative expenses for 2024: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $147 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 1.03% to 1.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Ohio (2,829th of 3,295), and 10,482nd of 11,654 in professional & technical services. In 2024, employees put in $5.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,162,901
Participants with balances108
Active participants311
Employer contributions$45,738
Employee contributions$256,431
Employer contribution per active participant$147
Average account balance$29,286
Benefits paid to participants$294,982
Plan auditUnmodified (clean) audit opinion
AuditorCORBETS & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 108 accts · $46K emplr
2023$2.8M · 109 accts · $40K emplr
2022$2.3M · 105 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,305
Investment management$11,891
Total administrative$41,196
The K & D 401(k) match · 2024
Employer contribution per active participant$147
Median for plans this size$1,313
2024$147 per active participant
2023$136 per active participant
2022$139 per active participant

K & D's 2024 employer contribution ran below the $1,313 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 · 20243
MARCUM WEALTH LLC · Investment advisory (plan)$9,817
EMPOWER ADVISORY GROUP, LLC · Investment management$2,074

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$41,196 · 1.39%
2023$32,861 · 1.29%
2022$26,001 · 1.03%
Similar plansProfessional & Technical Services · Ohio
Drips Holdings, LLC OH$3.5M · 0.21%
Holland Management, Inc. OH$3.2M · 1.21%
Groundsystems Inc OH$3.0M · 0.23%
Foxx & Company OH$3.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274860782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.