Plan Ledger DOL Form 5500 · updated monthly

Kaplan Early Learning Company401(k)

KELC 401(K) SAVINGS PLAN · LEWISVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Kaplan Early Learning Company reported $126,345 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $765 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 rose from 0.31% to 0.35%. 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 482nd-largest of 2,005 plans among North Carolina employers on file, and the 1,092nd of 4,246 in wholesale trade. In 2024, employees put in $2.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,774,412
Participants with balances1,287
Active participants1,189
Employer contributions$909,474
Employee contributions$2,249,717
Employer contribution per active participant$765
Average account balance$29,351
Benefits paid to participants$5,094,146
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.8M · 1,287 accts · $909K emplr
2023$34.8M · 1,216 accts · $954K emplr
2022$33.2M · 1,140 accts · $818K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,036
Investment management$35,309
Total administrative$126,345
The Kaplan Early Learning Company 401(k) match · 2024
Employer contribution per active participant$765
Median for plans this size$2,416
2024$765 per active participant
2023$663 per active participant
2022$753 per active participant

Kaplan Early Learning Company's 2024 employer contribution ran below the $2,416 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
OPPENHEIMER & CO INC · Investment advisory (plan)$26,657
EMPOWER ADVISORY GROUP, LLC · Investment management$8,652

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$126,345 · 0.35%
2023$128,157 · 0.38%
2022$106,504 · 0.31%
Same employer
Similar plansWholesale Trade · North Carolina
L&M Companies, Inc. NC$50.3M · 0.18%
Okuma America Corporation NC$46.0M · 0.07%
Big Rock Sports LLC NC$40.4M · 0.34%
Salem Holding Company NC$34.8M · 0.34%
Pugh Lubricants LLC NC$34.1M · 0.02%
Dillon Supply Company NC$31.7M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560935286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.