Plan Ledger DOL Form 5500 · updated monthly

Ken Ganley Companies401(k)

KEN GANLEY COMPANIES RETIREMENT SAVINGS PLAN · BROADVIEW, OH · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Ken Ganley Companies reported $105,535 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $351 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 0.14% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 620th-largest of 3,295 plans among Ohio employers on file, and the 619th of 5,215 in retail trade. In 2024, employees put in $8.61 for every $1.00 the employer contributed; active participation has grown from 1,279 to 1,899 since 2022.

Plan summary
Net assets, end of year$53,950,901
Participants with balances1,143
Active participants1,899
Employer contributions$667,338
Employee contributions$5,742,917
Employer contribution per active participant$351
Average account balance$47,201
Benefits paid to participants$6,938,164
Plan auditUnmodified (clean) audit opinion
AuditorHOLBROOK & MANTER INC
Plan history3
Yearassets · accounts · employer contribution
2024$54.0M · 1,143 accts · $667K emplr
2023$46.0M · 1,105 accts · $364K emplr
2022$34.7M · 856 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,335
Investment management$57,200
Total administrative$105,535
The Ken Ganley Companies 401(k) match · 2024
Employer contribution per active participant$351
Median for plans this size$2,416
2024$351 per active participant
2023$281 per active participant
2022$223 per active participant

Ken Ganley Companies's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ANCORA RETIREMENT PLAN ADVISORS, IN · Other services · Recordkeeping$57,200
ADP, INC. · Loan processing · Recordkeeping$50,443
ADP BROKER-DEALER · Other servicesindirect 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, ANCORA RETIREMENT PLAN ADVISORS, IN
2023ADP

This plan has changed recordkeepers within these filings. If you left Ken Ganley Companies before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$105,535 · 0.21%
2023$61,268 · 0.15%
2022$52,269 · 0.14%
Similar plansRetail Trade · Ohio
Germain Motor Company OH$59.7M · 0.62%
Kenwood Dealer Group, Inc. OH$57.9M · 0.19%
Fyda, Inc. OH$54.7M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341547327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.