Plan Ledger DOL Form 5500 · updated monthly

Kelley Bean Co. Inc.ESOP

KELLEY BEAN CO. INC., EMPLOYEE STOCK OWNERSHIP PLAN · SCOTTSBLUFF, NE · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Kelley Bean Co. Inc. reported $224,974 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,157 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 0.41% to 0.71%. 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 181st-largest of 565 plans among Nebraska employers on file, and the 4,183rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$33,124,496
Participants with balances185
Active participants159
Employer contributions$1,296,995
Employee contributions—
Employer contribution per active participant$8,157
Average account balance$179,051
Benefits paid to participants$2,067,798
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.1M · 185 accts · $1.3M emplr
2023$30.2M · 180 accts · $1.8M emplr
2022$27.4M · 183 accts · $1.1M emplr
Employer contributions to the Kelley Bean Co. Inc. plan · 2024
Employer contribution per active participant$8,157
Median for plans this size$2,416
2024$8,157 per active participant
2023$11,936 per active participant
2022$7,556 per active participant

Kelley Bean Co. Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
WESTWOOD · Trustee$80,452
BENEFIT PLANS, INC. · Claims processing$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$224,974 · 0.71%
2023$241,574 · 0.84%
2022$114,817 · 0.41%
Same employer
Similar plansManufacturing · Nebraska
T-L Irrigation Co. NE$31.8M · 0.24%
Global Industries, Inc. NE$31.1M · 0.36%
Elemental Scientific, Inc. NE$22.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470356830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.