Plan Ledger DOL Form 5500 · updated monthly

K.L.N. Enterprises, Inc.401(k)

K.L.N. ENTERPRISES, INC. 401(K) SALARY REDUCTION PLAN AND TRUST · PERHAM, MN · plan year 2025

Reported admin expense ratio · 2025
0.36%

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

K.L.N. Enterprises, Inc. reported $223,233 in plan administrative expenses for 2025: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,051 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 fell from 0.38% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 396th-largest of 1,918 plans among Minnesota employers on file, and the 2,563rd of 13,661 in manufacturing. In 2025, employees put in $5.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$66,302,823
Participants with balances956
Active participants773
Employer contributions$812,800
Employee contributions$4,245,915
Employer contribution per active participant$1,051
Average account balance$69,354
Benefits paid to participants$5,240,880
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$66.3M · 956 accts · $813K emplr
2024$57.5M · 986 accts · $785K emplr
2023$52.3M · 998 accts · $790K emplr
2022$44.5M · 950 accts · $660K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$223,233
Total administrative$223,233
The K.L.N. Enterprises, Inc. 401(k) match · 2025
Employer contribution per active participant$1,051
Median for plans this size$4,093
2025$1,051 per active participant
2024$49,074 per active participant
2023$1,028 per active participant
2022$889 per active participant

K.L.N. Enterprises, Inc.'s 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$62,553
LPL FINANCIAL CORPORATION · Investment advisory (plan)$183,523

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

Recordkeeper by year3
2025The Standard
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left K.L.N. Enterprises, 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 history4
2025$223,233 · 0.36%
2024$200,063 · 0.36%
2023$189,823 · 0.39%
2022$184,799 · 0.38%
Same employer
Similar plansManufacturing · Minnesota
Lube-Tech Services, LLC MN$67.8M · 0.30%
Milk Specialties Company MN$66.6M · 0.37%
Legrand Av, Inc MN$66.4M · 0.12%
The Bernick Companies MN$64.3M · 0.38%
Japs-Olson Company MN$64.1M · 0.18%
Crystal Cabinet Works, Inc. MN$63.7M · 0.21%
Surmodics, Inc. MN$63.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411817696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.