Plan Ledger DOL Form 5500 · updated monthly

Kearney-National Inc.401(k)

KNI GROUP 401(K) AND PROFIT SHARING PLAN · POUGHKEEPSIE, NY · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Kearney-National Inc. reported $53,372 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,826 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 0.207%. 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 2,077th-largest of 5,648 plans among New York employers on file, and the 4,798th of 13,661 in manufacturing. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 427 to 485 since 2022.

Plan summary
Net assets, end of year$27,493,168
Participants with balances579
Active participants485
Employer contributions$1,855,436
Employee contributions$1,662,737
Employer contribution per active participant$3,826
Average account balance$47,484
Benefits paid to participants$3,245,660
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.5M · 579 accts · $1.9M emplr
2023$24.1M · 555 accts · $1.8M emplr
2022$19.2M · 340 accts · $990K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,722
Investment management$2,650
Total administrative$53,372
The Kearney-National Inc. 401(k) match · 2024
Employer contribution per active participant$3,826
Median for plans this size$2,416
2024$3,826 per active participant
2023$4,030 per active participant
2022$2,318 per active participant

Kearney-National Inc.'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
MILLIMAN, INC. · Recordkeeping · Pension consulting$50,722
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect 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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$53,372 · 0.21%
2023$42,738 · 0.20%
2022$46,060 · 0.21%
Similar plansManufacturing · New York
Golden Artist Colors, Inc. NY$28.5M · 0.03%
Salient Corporation NY$28.3M · 0.04%
Evensonbest, LLC NY$28.1M · 0.06%
Wilen NY$27.4M · 0.15%
Innovation Associates, Inc. NY$27.3M · 0.19%
Ultrafab, Inc. NY$27.3M · 0.33%
Satco Products, Inc. NY$26.8M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362392007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.