Plan Ledger DOL Form 5500 · updated monthly

Ken's Supermarkets, Inc.401(k)

KEN'S SUPERMARKETS, INC. 401(K) RETIREMENT PLAN · ABERDEEN, SD · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Ken's Supermarkets, Inc. reported $32,543 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $308 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 0.80% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in South Dakota (205th of 233), and 4,189th of 5,215 in retail trade. In 2024, employees put in $4.69 for every $1.00 the employer contributed; active participation has grown from 107 to 130 since 2022.

Plan summary
Net assets, end of year$3,567,988
Participants with balances113
Active participants130
Employer contributions$40,000
Employee contributions$187,512
Employer contribution per active participant$308
Average account balance$31,575
Benefits paid to participants$290,756
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 113 accts · $40K emplr
2023$3.4M · 106 accts · $40K emplr
2022$3.0M · 128 accts · $40K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,168
Investment management$5,004
Audit (IQPA)$5,371
Total administrative$32,543
The Ken's Supermarkets, Inc. 401(k) match · 2024
Employer contribution per active participant$308
Median for plans this size$1,313
2024$308 per active participant
2023$320 per active participant
2022$374 per active participant

Ken's Supermarkets, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Consulting$22,168
EIDE BAILLY · Accounting / audit$5,371
SCHWAN FINANCIAL ADVISORS, LLC · Consulting · Investment advisory (participants)$5,004

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$32,543 · 0.94%
2023$26,098 · 0.82%
2022$25,875 · 0.80%
Similar plansRetail Trade · South Dakota
Big D Oil Co. SD$4.6M · 0.44%
Bmaddox Enterprises LLC SD$3.6M · 0.17%
Wall Drug Store, Inc SD$2.7M · 0.46%
G.F. Buche Company SD$2.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460314976 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.