Plan Ledger DOL Form 5500 · updated monthly

Keltech, Inc.ESOP

KELTECH, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Keltech, Inc. reported $752 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,536 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 1 year on file its reported administrative ratio rose from 0.00% to 0.01%. 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 among the smaller plans on file in Virginia (1,259th of 2,266), and 7,595th of 13,661 in manufacturing. active participation has grown from 75 to 92 since 2022.

Plan summary
Net assets, end of year$13,375,508
Participants with balances120
Active participants92
Employer contributions$1,153,346
Employee contributions—
Employer contribution per active participant$12,536
Average account balance$111,463
Benefits paid to participants$884,905
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON & REED, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 120 accts · $1.2M emplr
2023$10.5M · 111 accts · $581K emplr
2022$8.9M · 115 accts · $370K emplr
Administrative expenses, itemized · 2024
Trustee / custodial$752
Total administrative$752
Employer contributions to the Keltech, Inc. plan · 2024
Employer contribution per active participant$12,536
Median for plans this size$2,416
2024$12,536 per active participant
2023$7,173 per active participant
2022$4,933 per active participant

Keltech, 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.

Administrative cost history3
2024$752 · 0.01%
2023$133 · 0.00%
2022Not separately reported
Same employer
Similar plansManufacturing · Virginia
Uttermost Company VA$14.5M · 0.07%
Progress Printing Company VA$14.0M · 0.05%
Arban & Carosi, Inc. VA$13.7M · 0.51%
Hermes Abrasives, LTD. VA$13.1M · 0.07%
Bowman Andros Products, LLC VA$13.0M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541491281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.