Plan Ledger DOL Form 5500 · updated monthly

Kel-Tec Cnc Industries, Inc.401(k)

KEL-TEC CNC INDUSTRIES, INC. 401(K) PLAN · COCOA, FL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Kel-Tec Cnc Industries, Inc. reported $14,425 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $739 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 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,295th of 3,644), and 10,591st of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 267 to 311 since 2022.

Plan summary
Net assets, end of year$6,188,868
Participants with balances119
Active participants311
Employer contributions$229,714
Employee contributions$459,655
Employer contribution per active participant$739
Average account balance$52,007
Benefits paid to participants$1,349,895
Plan auditUnmodified (clean) audit opinion
AuditorBRUNT, SWEENEY, MATZ P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 119 accts · $230K emplr
2023$6.2M · 126 accts · $227K emplr
2022$5.1M · 116 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,425
Total administrative$14,425
The Kel-Tec Cnc Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$739
Median for plans this size$1,313
2024$739 per active participant
2023$927 per active participant
2022$842 per active participant

Kel-Tec Cnc Industries, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,425
RAYMOND JAMES & ASSOCIATES INCindirect comp

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$14,425 · 0.23%
2023$14,126 · 0.25%
2022$12,414 · 0.24%
Similar plansManufacturing · Florida
Altira, Inc. FL$6.3M · 0.58%
Turbopower, LLC. FL$6.3M · 0.58%
Hear.com FL$6.2M · 0.98%
A & N Corporation FL$6.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593114270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.