Plan Ledger DOL Form 5500 · updated monthly

K2 Medical Holding Company LLC401(k)

K2 MEDICAL RESEARCH LLC 401(K) PLAN · MAITLAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

K2 Medical Holding Company LLC reported $11,061 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $2,529 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.

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 Florida (2,791st of 3,644), and 10,354th of 11,654 in professional & technical services. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,512,599
Participants with balances242
Active participants240
Employer contributions$607,062
Employee contributions$1,027,815
Employer contribution per active participant$2,529
Average account balance$14,515
Benefits paid to participants$82,853
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,061
Total administrative$11,061
The K2 Medical Holding Company LLC 401(k) match · 2024
Employer contribution per active participant$2,529
Median for plans this size$1,313

K2 Medical Holding Company LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$11,060

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

Administrative cost history1
2024$11,061 · 0.44%
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Hemmersbach US, LLC FL$3.4M · 0.80%
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Healthcare Inc FL$3.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921963882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.