Plan Ledger DOL Form 5500 · updated monthly

Kelton Enterprises, LLC401(k)

KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN · AMHERST, NY · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Kelton Enterprises, LLC reported $16,598 in plan administrative expenses for 2023: 0.35% of average plan assets, below the peer median. Employer contributions averaged $627 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 fell from 0.79% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,425th of 5,648), and the 852nd of 2,240 in accommodation & food services. In 2023, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,287,542
Participants with balances93
Active participants225
Employer contributions$141,014
Employee contributions$281,309
Employer contribution per active participant$627
Average account balance$56,855
Benefits paid to participants$171,781
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.3M · 93 accts · $141K emplr
2022$4.2M · 115 accts · $115K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,598
Total administrative$16,598
The Kelton Enterprises, LLC 401(k) match · 2023
Employer contribution per active participant$627
Median for plans this size$1,308
2023$627 per active participant
2022$543 per active participant

Kelton Enterprises, LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
P & A RETIREMENT PLAN SERVICES, INC · Contract administrator · Recordkeeping$4,683
VALIANT RETIREMENT, INC · Recordkeepingindirect comp
WATERFORD ADVISORS · Investment advisory (plan)$7,337

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$16,598 · 0.35%
2022$35,629 · 0.79%
Similar plansAccommodation & Food Services · New York
Kasa Living, Inc. NY$5.4M · 0.42%
Dino Hospitality, LLC NY$5.3M · 0.58%
Mei Gny Hospitality, LLC NY$4.8M · 0.04%
Bbl Hospitality, LLC NY$4.7M · 0.52%
Hendel Products Group NY$4.6M · 1.51%
Navika Capital Group, LLC NY$4.5M · 1.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161573692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.