Plan Ledger DOL Form 5500 · updated monthly

Kaye Corporation401(k)

KAYE CORPORATION RETIREMENT PLAN · NORTH MANKATO, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Kaye Corporation reported $38,633 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,606 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 rose from 0.27% to 0.40%. 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 among the smaller plans on file in Minnesota (1,088th of 1,918), and 2,403rd of 4,246 in wholesale trade. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has shrunk from 154 to 122 since 2022.

Plan summary
Net assets, end of year$14,604,924
Participants with balances140
Active participants122
Employer contributions$317,878
Employee contributions$736,150
Employer contribution per active participant$2,606
Average account balance$104,321
Benefits paid to participants$1,820,125
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$13.5M · 146 accts · $325K emplr
2024$14.6M · 140 accts · $318K emplr
2023$14.0M · 155 accts · $340K emplr
2022$11.8M · 166 accts · $353K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,780
Investment management$34,853
Total administrative$38,633
The Kaye Corporation 401(k) match · 2024
Employer contribution per active participant$2,606
Median for plans this size$2,416
2025$2,404 per active participant
2024$2,606 per active participant
2023$2,328 per active participant
2022$2,291 per active participant

Kaye Corporation'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
EDWARD JONES · Recordkeeping · Trustee$34,853
ADP, INC. · Loan processing · Recordkeeping$3,780
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year3
2025ADP, Edward Jones
2024ADP, Edward Jones
2023ADP, Edward Jones

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

Administrative cost history4
2025$55,632 · 0.40%
2024$38,633 · 0.27%
2023$35,515 · 0.28%
2022$33,282 · 0.27%
Similar plansWholesale Trade · Minnesota
Quali Tech, LLC MN$15.8M · 0.37%
Max-Tech, Inc. MN$15.2M · 0.32%
Supply Chain Services, LLC MN$15.0M · 0.34%
Heartland Agriculture, LLC MN$14.9M · 0.44%
Olympia Tile (USA), Inc. MN$13.1M · 0.21%
Alpha Video and Audio, Inc. MN$12.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411423463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.