Plan Ledger DOL Form 5500 · updated monthly

K-Solv, LP401(k)

K SOLV 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

K-Solv, LP reported $115,474 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,726 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 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,005th-largest of 5,688 plans among Texas employers on file, and the 1,866th of 4,246 in wholesale trade. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 173 to 372 since 2022.

Plan summary
Net assets, end of year$20,355,357
Participants with balances440
Active participants372
Employer contributions$1,013,910
Employee contributions$1,677,697
Employer contribution per active participant$2,726
Average account balance$46,262
Benefits paid to participants$2,386,953
Plan auditUnmodified (clean) audit opinion
AuditorWEINSTEIN SPIRA & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 440 accts · $1.0M emplr
2023$17.9M · 363 accts · $1.0M emplr
2022$14.9M · 269 accts · $832K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,734
Investment management$61,490
Total administrative$115,474
The K-Solv, LP 401(k) match · 2024
Employer contribution per active participant$2,726
Median for plans this size$2,416
2024$2,726 per active participant
2023$3,360 per active participant
2022$4,810 per active participant

K-Solv, LP's 2024 employer contribution ran above the $2,416 median for plans its size. 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
TRUIST ADVISORY SERVICES INC · Investment advisory (plan)$53,027
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$42,734
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,463

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$115,474 · 0.60%
2023$89,140 · 0.54%
2022$104,474 · 0.61%
Same employer
Similar plansWholesale Trade · Texas
The Apparel Group, LTD TX$20.7M · 0.57%
Texas Enterprises, Inc. TX$20.6M · 0.40%
Johnson Equipment Company TX$20.5M · 0.03%
Strategic Materials TX$20.5M · 0.54%
Avelo Airlines, Inc. TX$19.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412074808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.