Plan Ledger DOL Form 5500 · updated monthly

Kee Safety, Inc.401(k)

KEE SAFETY, INC. RETIREMENT PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Kee Safety, Inc. reported $51,061 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,560 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 0.14% to 0.30%. 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 the 2,641st-largest of 5,648 plans among New York employers on file, and the 2,039th of 4,246 in wholesale trade. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 225 to 274 since 2022.

Plan summary
Net assets, end of year$18,337,797
Participants with balances308
Active participants274
Employer contributions$701,492
Employee contributions$1,437,040
Employer contribution per active participant$2,560
Average account balance$59,538
Benefits paid to participants$1,839,175
Plan auditUnmodified (clean) audit opinion
AuditorJEFFREY L. OFFHAUS CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 308 accts · $701K emplr
2023$15.2M · 329 accts · $991K emplr
2022$11.8M · 303 accts · $750K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,352
Investment management$10,209
Audit (IQPA)$17,500
Total administrative$51,061
The Kee Safety, Inc. 401(k) match · 2024
Employer contribution per active participant$2,560
Median for plans this size$2,416
2024$2,560 per active participant
2023$4,043 per active participant
2022$3,333 per active participant

Kee Safety, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,352
ONEAL CPA · Accounting / audit$17,500
LAWLEY RETIREMENT ADVISORS, LLC · Investment advisory (plan)$10,000

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

Administrative cost history3
2024$51,061 · 0.30%
2023$32,949 · 0.24%
2022$16,664 · 0.14%
Same employer
Similar plansWholesale Trade · New York
Lacoste USA, Inc. NY$18.6M · 0.09%
Tracey Road Equipment, Inc. NY$18.5M · 0.63%
Universal Photonics Inc NY$18.5M · 0.30%
Mary Ann Liebert, Inc. NY$18.4M · 0.31%
Rndc New York, LLC NY$18.2M · 0.22%
L & R Distributors, Inc. NY$18.1M · 1.13%
Qosina Corp. NY$17.9M · 0.53%
Case Paper Co., Inc. NY$17.9M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161170198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.