Plan Ledger DOL Form 5500 · updated monthly

Kanequip, Inc.401(k)

KANEQUIP, INC. PROFIT SHARING PLAN AND TRUST · SHAWNEE MISSION, KS · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Kanequip, Inc. reported $8,291 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,997 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 0.05% to 0.03%. 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 199th-largest of 828 plans among Kansas employers on file, and the 1,242nd of 4,246 in wholesale trade. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,158,813
Participants with balances333
Active participants305
Employer contributions$914,212
Employee contributions$1,476,004
Employer contribution per active participant$2,997
Average account balance$99,576
Benefits paid to participants$1,576,430
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY & ASSOCIATES. CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 333 accts · $914K emplr
2023$27.9M · 326 accts · $1.5M emplr
2022$22.1M · 285 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,291
Total administrative$8,291
The Kanequip, Inc. 401(k) match · 2024
Employer contribution per active participant$2,997
Median for plans this size$2,416
2024$2,997 per active participant
2023$4,836 per active participant
2022$4,971 per active participant

Kanequip, Inc.'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
AMERITAS LIFE INSURANCE CORP · Recordkeeping$265,261
TAX FAVORED BENEFITS, INC. · Contract administrator$5,120

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

Recordkeeper by year2
2024Ameritas, John Hancock
2023Ameritas

This plan has changed recordkeepers within these filings. If you left Kanequip, 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 history3
2024$8,291 · 0.03%
2023$9,187 · 0.04%
2022$11,668 · 0.05%
Same employer
Similar plansWholesale Trade · Kansas
Heritage Tractor, Inc. KS$61.4M · 0.29%
Ibt, Inc. KS$44.1M · 0.25%
Mid-State Group Inc. KS$26.2M · 0.43%
Hyspeco, Inc. KS$26.0M
Essense of Australia, Inc. KS$25.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431845273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.