Plan Ledger DOL Form 5500 · updated monthly

Kelvion Products Inc.401(k)

KELVION PRODUCTS INC. 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Kelvion Products Inc. reported $104,034 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,692 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 0.54% to 0.72%. 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 652nd-largest of 1,496 plans among Tennessee employers on file, and 6,893rd of 13,661 in manufacturing. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,681,054
Participants with balances517
Active participants406
Employer contributions$1,092,877
Employee contributions$1,762,261
Employer contribution per active participant$2,692
Average account balance$30,331
Benefits paid to participants$3,025,282
Plan auditUnmodified (clean) audit opinion
AuditorFRENDEL BROWN & WEISSMAN LLP
Plan history2
Yearassets · accounts · employer contribution
2024$15.7M · 517 accts · $1.1M emplr
2023$13.2M · 392 accts · $770K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,905
Investment management$27,129
Total administrative$104,034
The Kelvion Products Inc. 401(k) match · 2024
Employer contribution per active participant$2,692
Median for plans this size$2,416
2024$2,692 per active participant
2023$2,694 per active participant

Kelvion Products 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$76,904
RBC · Recordkeeping · Trustee$27,129
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, RBC
2023ADP, RBC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$104,034 · 0.72%
2023$70,800 · 0.54%
Similar plansManufacturing · Tennessee
Aqua-Chem, Inc. TN$16.0M · 0.15%
Copperweld Bimetallics LLC TN$15.8M · 0.02%
Currax Pharmaceuticals LLC TN$15.4M · 0.52%
Colortech, Inc. TN$15.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873869022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.