Plan Ledger DOL Form 5500 · updated monthly

Kari-Out401(k)

KARI-OUT 401(K) PLAN · TARRYTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Kari-Out reported $87,626 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,526 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 0.16% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,599th-largest of 5,648 plans among New York employers on file, and the 6,106th of 13,661 in manufacturing. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has shrunk from 577 to 458 since 2022.

Plan summary
Net assets, end of year$19,038,255
Participants with balances336
Active participants458
Employer contributions$698,771
Employee contributions$1,667,235
Employer contribution per active participant$1,526
Average account balance$56,661
Benefits paid to participants$2,013,926
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH, AND KING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 336 accts · $699K emplr
2023$15.9M · 285 accts · $860K emplr
2022$8.6M · 235 accts · $136K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,900
Investment management$50,726
Total administrative$87,626
The Kari-Out 401(k) match · 2024
Employer contribution per active participant$1,526
Median for plans this size$2,416
2024$1,526 per active participant
2023$1,825 per active participant
2022$236 per active participant

Kari-Out's 2024 employer contribution ran below 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
LPL FINANCIAL CORPORATION RPCP · Recordkeeping · Trustee$50,728
ADP, INC. · Loan processing · Recordkeeping$36,900
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$87,626 · 0.50%
2023$52,434 · 0.43%
2022$14,231 · 0.16%
Same employer
Similar plansManufacturing · New York
Bush Industries, Inc. NY$19.5M · 0.01%
Reid Petroleum Corporation NY$18.8M · 0.40%
Taylor Devices, Inc. NY$18.6M · 0.39%
I3 Technology Group, LLC NY$18.4M · 0.14%
Crucible Industries, LLC NY$18.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844103793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.