Plan Ledger DOL Form 5500 · updated monthly

Kemet Electronics Corporation401(k)

KEMET EMPLOYEES' SAVINGS PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Kemet Electronics Corporation reported $256,911 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $5,332 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 fell from 0.16% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 179th-largest of 3,644 plans among Florida employers on file, and the 1,144th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$204,872,696
Participants with balances1,126
Active participants675
Employer contributions$3,598,921
Employee contributions$6,239,463
Employer contribution per active participant$5,332
Average account balance$181,947
Benefits paid to participants$25,058,918
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS, LLC/PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$204.9M · 1,126 accts · $3.6M emplr
2023$163.7M · 934 accts · $3.1M emplr
2022$148.0M · 1,000 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Investment management$556
Total administrative$256,911
The Kemet Electronics Corporation 401(k) match · 2024
Employer contribution per active participant$5,332
Median for plans this size$3,635
2024$5,332 per active participant
2023$3,391 per active participant
2022$4,854 per active participant

Kemet Electronics Corporation's 2024 employer contribution ran above the $3,635 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
T ROWE PRICE RPS, INC. · Recordkeeping · Other services$72,582
MERCER · Consulting$80,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$256,911 · 0.14%
2023$245,307 · 0.16%
2022$264,022 · 0.16%
Same employer
Similar plansManufacturing · Florida
Signode Industrial Group LLC FL$263.1M · 0.10%
Refresco Beverages US Inc. FL$216.8M · 0.26%
Welbilt, Inc. FL$213.9M · 0.03%
Helios Technologies, Inc. FL$181.4M · 0.16%
Zimvie US Corp LLC. FL$178.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061198308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.