Plan Ledger DOL Form 5500 · updated monthly

K & W Tire Company, Inc.401(k)

K & W TIRE COMPANY, INC. RETIREMENT PLAN · LANCASTER, PA · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

K & W Tire Company, Inc. reported $22,420 in plan administrative expenses for 2023: 0.58% of average plan assets, above the peer median. Employer contributions averaged $388 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 has held roughly steady near 0.576%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (3,009th of 3,651), and 11,706th of 13,661 in manufacturing. In 2023, employees put in $5.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,056,002
Participants with balances99
Active participants109
Employer contributions$42,238
Employee contributions$216,578
Employer contribution per active participant$388
Average account balance$40,970
Benefits paid to participants$443,720
Plan auditUnmodified (clean) audit opinion
AuditorSOLOMON AND NISLOW, P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$4.1M · 99 accts · $42K emplr
2022$3.7M · 110 accts · $41K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,420
Total administrative$22,420
The K & W Tire Company, Inc. 401(k) match · 2023
Employer contribution per active participant$388
Median for plans this size$1,308
2023$388 per active participant
2022$275 per active participant

K & W Tire Company, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (discretionary)$22,421

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

Administrative cost history2
2023$22,420 · 0.58%
2022$23,825 · 0.58%
Same employer
Similar plansManufacturing · Pennsylvania
Psb Industries, Inc. PA$4.2M · 0.01%
L & H Signs, Inc. PA$4.1M · 1.04%
Specialty Bakers, LLC PA$3.9M · 0.12%
Stuffed Puffs, LLC PA$3.9M · 0.73%
Function Inc. PA$3.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231706509 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.