Plan Ledger DOL Form 5500 · updated monthly

Kaleo, Inc.401(k)

KALEO, INC. 401(K) PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Kaleo, Inc. reported $70,520 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $8,670 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 fell from 0.37% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 944th-largest of 2,266 plans among Virginia employers on file, and the 5,264th of 11,654 in professional & technical services. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has shrunk from 170 to 73 since 2022.

Plan summary
Net assets, end of year$21,656,680
Participants with balances216
Active participants73
Employer contributions$632,908
Employee contributions$1,716,203
Employer contribution per active participant$8,670
Average account balance$100,262
Benefits paid to participants$3,981,896
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 216 accts · $633K emplr
2023$20.3M · 258 accts · $685K emplr
2022$18.2M · 285 accts · $828K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,351
Investment management$53,631
Trustee / custodial$9,538
Total administrative$70,520
The Kaleo, Inc. 401(k) match · 2024
Employer contribution per active participant$8,670
Median for plans this size$2,416
2024$8,670 per active participant
2023$4,998 per active participant
2022$4,870 per active participant

Kaleo, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$7,351
ONEDIGITAL · Investment advisory (participants) · Investment advisory (plan)$53,631
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Loan processing$9,538

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC.

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Administrative cost history3
2024$70,520 · 0.34%
2023$63,634 · 0.33%
2022$71,075 · 0.37%
Same employer
Similar plansProfessional & Technical Services · Virginia
Mayvin, Inc. VA$21.8M · 0.21%
Sila Solutions Group VA$21.8M · 0.76%
Brillient Corporation VA$21.8M · 0.70%
Tenica and Associates LLC VA$21.3M · 0.69%
Hawaii Pacific Foundation VA$21.3M · 0.09%
Network Designs, Inc. VA$21.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264174212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.