Plan Ledger DOL Form 5500 · updated monthly

Kelley Brothers Contractors, Inc.401(k)

KELLEY COMPANIES RETIREMENT PLAN · WAYNESBORO, MS · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Kelley Brothers Contractors, Inc. reported $34,588 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $762 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 0.57% to 0.61%. 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 Mississippi (229th of 367), and 10,799th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,798,199
Participants with balances145
Active participants180
Employer contributions$137,071
Employee contributions$298,163
Employer contribution per active participant$762
Average account balance$39,988
Benefits paid to participants$664,623
Plan auditUnmodified (clean) audit opinion
AuditorREA, SHAW, GIFFIN & STUART
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 145 accts · $137K emplr
2023$5.6M · 161 accts · $144K emplr
2022$4.7M · 107 accts · $132K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,567
Investment management$14,021
Total administrative$34,588
The Kelley Brothers Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$762
Median for plans this size$1,313
2024$762 per active participant
2023$860 per active participant
2022$761 per active participant

Kelley Brothers Contractors, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,566
CREATIVEONE SECURITIES, LLC · Investment advisory (plan)$14,018

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$34,588 · 0.61%
2023$29,893 · 0.58%
2022$25,994 · 0.57%
Same employer
Similar plansManufacturing · Mississippi
Diversity-Vuteq, LLC MS$6.7M · 0.57%
New Wood Resources, LLC MS$6.7M · 0.40%
Corinthian, Inc. MS$6.4M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640502135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.