Plan Ledger DOL Form 5500 · updated monthly

Kaspien Inc.401(k)

KASPIEN INC. 401(K) PLAN · SPOKANE VALLEY, WA · plan year 2023

Reported admin expense ratio · 2023
1.02%

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

Kaspien Inc. reported $38,096 in plan administrative expenses for 2023: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $18,966 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 1 year on file its reported administrative ratio rose from 0.92% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,424th of 1,714), and 4,052nd of 5,215 in retail trade. In 2023, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 96 to 13 since 2022.

Plan summary
Net assets, end of year$3,994,616
Participants with balances107
Active participants13
Employer contributions$246,555
Employee contributions$391,808
Employer contribution per active participant$18,966
Average account balance$37,333
Benefits paid to participants$722,419
Plan auditUnmodified (clean) audit opinion
AuditorDECORIA, BLAIR & TEAGUE, PS
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.0M · 107 accts · $247K emplr
2022$3.5M · 142 accts · $350K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,096
Total administrative$38,096
The Kaspien Inc. 401(k) match · 2023
Employer contribution per active participant$18,966
Median for plans this size$1,308
2023$18,966 per active participant
2022$3,642 per active participant

Kaspien Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK USA · Recordkeeping$1,750
GALLAGHER FIDUCIARY ADVISORS · Investment advisory (participants)$14,277

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$38,096 · 1.02%
2022$34,084 · 0.92%
Similar plansRetail Trade · Washington
Hardware Sales, Inc. WA$4.8M · 0.81%
Juvo Plus Inc. WA$4.5M · 1.09%
Milam, Inc. WA$4.2M · 0.91%
Thrive Causemetics, Inc. WA$3.9M · 0.17%
Sunfair Chevrolet, Inc. WA$3.4M · 0.84%
Farwest Sports Inc WA$3.3M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262711978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.