Plan Ledger DOL Form 5500 · updated monthly

Kemp Quarries401(k)

KEMP QUARRIES RETIREMENT PLAN · PRYOR, OK · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Kemp Quarries reported $2,788 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,428 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 0.04% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Oklahoma (413th of 724), and 430th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 136 to 152 since 2022.

Plan summary
Net assets, end of year$9,411,566
Participants with balances159
Active participants152
Employer contributions$369,070
Employee contributions$550,669
Employer contribution per active participant$2,428
Average account balance$59,192
Benefits paid to participants$657,880
Plan auditUnmodified (clean) audit opinion
AuditorCONKLIN GILPIN WERTZ PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 159 accts · $369K emplr
2023$8.3M · 157 accts · $366K emplr
2022$7.3M · 168 accts · $350K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,788
Total administrative$2,788
The Kemp Quarries 401(k) match · 2024
Employer contribution per active participant$2,428
Median for plans this size$1,313
2024$2,428 per active participant
2023$2,522 per active participant
2022$2,574 per active participant

Kemp Quarries's 2024 employer contribution ran above the $1,313 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.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$2,788
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$2,788 · 0.03%
2023$2,747 · 0.04%
2022$3,449 · 0.04%
Same employer
Similar plansMining, Oil & Gas Extraction · Oklahoma
Levare U.S., Inc. OK$14.1M · 0.34%
Le Jones Operating OK$9.6M · 0.20%
Latshaw Drilling Co., LLC OK$9.2M · 0.40%
Circle 9 Resources LLC OK$7.3M · 0.07%
Jones Energy, LLC OK$6.8M · 0.64%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 821852089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.