Plan Ledger DOL Form 5500 · updated monthly

Kenco Management Services, LLC401(k)

KENCO MANAGEMENT SERVICES, LLC 401(K) EMPLOYEE SAVINGS PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Kenco Management Services, LLC reported $516,000 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,264 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 3 years on file its reported administrative ratio has held roughly steady near 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 114th-largest of 1,496 plans among Tennessee employers on file, and the 172nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 5,238 to 6,622 since 2022.

Plan summary
Net assets, end of year$161,422,053
Participants with balances8,155
Active participants6,622
Employer contributions$8,370,669
Employee contributions$17,538,828
Employer contribution per active participant$1,264
Average account balance$19,794
Benefits paid to participants$18,837,839
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$161.4M · 8,155 accts · $8.4M emplr
2023$131.0M · 6,250 accts · $6.5M emplr
2022$109.2M · 6,018 accts · $5.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$516,000
Total administrative$516,000
The Kenco Management Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,264
Median for plans this size$3,635
2024$1,264 per active participant
2023$1,204 per active participant
2022$1,087 per active participant

Kenco Management Services, LLC's 2024 employer contribution ran below the $3,635 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 · 20242
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$458,942
IRA GROUP$58,073

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$516,000 · 0.35%
2023$502,185 · 0.42%
2022$418,757 · 0.36%
Similar plansTransportation & Warehousing · Tennessee
Averitt Express, Inc. TN$775.2M · 0.13%
Geodis Logistics, LLC TN$341.3M · 0.31%
Transcore, LP TN$230.2M · 0.07%
Forward Air Corporation TN$128.5M · 0.29%
Big G Holdings, Inc. TN$88.5M · 0.09%
Covenant Transport, Inc. TN$85.1M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 261454906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.