Plan Ledger DOL Form 5500 · updated monthly

Karsten Manufacturing Corporation401(k)

KARSTEN MANUFACTURING CORPORATION AND SUBSIDIARIES 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Karsten Manufacturing Corporation reported $83,499 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,392 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 3 years on file its reported administrative ratio has held roughly steady near 0.030%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 56th-largest of 1,285 plans among Arizona employers on file, and the 865th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 957 to 1,109 since 2022.

Plan summary
Net assets, end of year$291,644,882
Participants with balances1,281
Active participants1,109
Employer contributions$4,870,414
Employee contributions$10,940,989
Employer contribution per active participant$4,392
Average account balance$227,670
Benefits paid to participants$23,708,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$291.6M · 1,281 accts · $4.9M emplr
2023$263.9M · 1,244 accts · $4.9M emplr
2022$224.5M · 1,135 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,039
Investment management$21,460
Total administrative$83,499
The Karsten Manufacturing Corporation 401(k) match · 2024
Employer contribution per active participant$4,392
Median for plans this size$4,294
2024$4,392 per active participant
2023$4,649 per active participant
2022$4,511 per active participant

Karsten Manufacturing Corporation's 2024 employer contribution ran above the $4,294 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 · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$83,472

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$83,499 · 0.03%
2023$84,027 · 0.03%
2022$73,108 · 0.03%
Same employer
Similar plansManufacturing · Arizona
Blue Yonder, Inc. AZ$704.3M · 0.05%
Avnet, Inc. AZ$624.3M · 0.03%
Benchmark Electronics, Inc. AZ$378.9M · 0.09%
Reliance, Inc. AZ$370.8M · 0.01%
Rogers Corporation AZ$244.5M · 0.06%
Axon Enterprise, Inc. AZ$228.6M · 0.25%
Mitel (Delaware), Inc. AZ$227.8M · 0.11%
Amkor Technology, Inc. AZ$222.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860210248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.