Plan Ledger DOL Form 5500 · updated monthly

Kelena Farms, Inc.401(k)

THE FARMS 401(K) PLAN · KUNIA, HI · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Kelena Farms, Inc. reported $17,687 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,951 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 0.02% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Hawaii (139th of 269), and the 353rd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,052,492
Participants with balances146
Active participants165
Employer contributions$321,997
Employee contributions$580,665
Employer contribution per active participant$1,951
Average account balance$96,250
Benefits paid to participants$965,809
Plan auditUnmodified (clean) audit opinion
AuditorMCENERNEY SHIMABUKURO OKAZAKI & FUJ
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 146 accts · $322K emplr
2023$12.6M · 148 accts · $338K emplr
2022$10.7M · 154 accts · $302K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,687
Total administrative$17,687
The Kelena Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$1,951
Median for plans this size$2,416
2024$1,951 per active participant
2023$1,962 per active participant
2022$1,755 per active participant

Kelena Farms, Inc.'s 2024 employer contribution ran below 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.

Administrative cost history3
2024$17,687 · 0.13%
2023$3,000 · 0.03%
2022$2,100 · 0.02%
Similar plansAgriculture, Forestry & Fishing · Hawaii
Sietsema Farms Inc. MI$14.2M · 0.34%
Keith Smith Company, Inc AR$14.1M · 0.64%
Rch Fruit Co., Inc. WA$14.0M · 0.03%
Five Star Cooperative IA$14.0M · 0.15%
Britz, Inc. CA$14.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043643264 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.