Plan Ledger DOL Form 5500 · updated monthly

Kelvion Inc.401(k)

KELVION INC. SAVINGS PLAN · CATOOSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Kelvion Inc. reported $87,497 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,969 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 0.06% to 0.20%. 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 122nd-largest of 724 plans among Oklahoma employers on file, and the 3,253rd of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 560 to 669 since 2022.

Plan summary
Net assets, end of year$47,923,300
Participants with balances750
Active participants669
Employer contributions$1,986,563
Employee contributions$3,089,486
Employer contribution per active participant$2,969
Average account balance$63,898
Benefits paid to participants$4,699,941
Plan auditUnmodified (clean) audit opinion
AuditorFRENDEL BROWN & WEISSMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$47.9M · 750 accts · $2.0M emplr
2023$40.4M · 551 accts · $1.3M emplr
2022$31.9M · 391 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,467
Investment management$15,030
Total administrative$87,497
The Kelvion Inc. 401(k) match · 2024
Employer contribution per active participant$2,969
Median for plans this size$2,416
2024$2,969 per active participant
2023$2,666 per active participant
2022$2,588 per active participant

Kelvion Inc.'s 2024 employer contribution ran above 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.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$72,467
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,030

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$87,497 · 0.20%
2023$49,081 · 0.14%
2022$25,122 · 0.06%
Same employer
Similar plansManufacturing · Oklahoma
McElroy Manufacturing, Inc. OK$64.8M · 0.09%
Cfs Brands LLC OK$63.3M · 0.14%
W&W-Afco Steel LLC OK$62.2M · 0.17%
Atc Drivetrain, LLC OK$39.7M · 0.48%
M-D Building Products, Inc. OK$39.3M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510268494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.