Plan Ledger DOL Form 5500 · updated monthly

K Line Logistics (U.S.A.) Incorporated401(k)

K LINE LOGISTICS (U.S.A.) INCORPORATED 401(K) PROFIT SHARING PLAN · SPRINGFIELD GARDENS, NY · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

K Line Logistics (U.S.A.) Incorporated reported $46,759 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $284 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 has held roughly steady near 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (3,757th of 5,648), and the 1,219th of 2,677 in transportation & warehousing. In 2024, employees put in $4.90 for every $1.00 the employer contributed; active participation has grown from 91 to 411 since 2022.

Plan summary
Net assets, end of year$9,026,199
Participants with balances128
Active participants411
Employer contributions$116,701
Employee contributions$571,253
Employer contribution per active participant$284
Average account balance$70,517
Benefits paid to participants$747,292
Plan auditUnmodified (clean) audit opinion
AuditorAC CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 128 accts · $117K emplr
2023$8.2M · 127 accts · $128K emplr
2022$7.1M · 120 accts · $109K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,460
Investment management$18,299
Total administrative$46,759
The K Line Logistics (U.S.A.) Incorporated 401(k) match · 2024
Employer contribution per active participant$284
Median for plans this size$1,313
2024$284 per active participant
2023$1,297 per active participant
2022$1,199 per active participant

K Line Logistics (U.S.A.) Incorporated'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
GOLDEN EAGLE CAPITAL ADVISORS INC. · Recordkeeping · Pension consulting$18,299
ADP, INC. · Loan processing · Recordkeeping$5,116
ADP BROKER-DEALERindirect 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, GOLDEN EAGLE CAPITAL ADVISORS INC.
2023John Hancock

This plan has changed recordkeepers within these filings. If you left K Line Logistics (U.S.A.) Incorporated 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$46,759 · 0.54%
2023$36,675 · 0.48%
2022$41,607 · 0.53%
Same employer
Similar plansTransportation & Warehousing · New York
Ficel Transport, Inc. NY$9.2M · 0.33%
Riccelli Holdings, Inc. NY$9.1M · 0.26%
Aramex USA NY$9.1M · 0.81%
Turk Hava Yollari, A.O. NY$7.8M · 0.04%
Riccelli Holdings, Inc. NY$7.8M · 0.28%
Courier Network, Inc. NY$7.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112514027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.