Plan Ledger DOL Form 5500 · updated monthly

Kendell Doors & Hardware, LLC401(k)

KENDELL 401(K) PLAN · MENDOTA HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Kendell Doors & Hardware, LLC reported $88,468 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,583 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 0.54% to 0.58%. 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 among the smaller plans on file in Minnesota (1,040th of 1,918), and the 1,821st of 5,215 in retail trade. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,880,855
Participants with balances254
Active participants213
Employer contributions$550,115
Employee contributions$1,075,694
Employer contribution per active participant$2,583
Average account balance$62,523
Benefits paid to participants$3,326,538
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history2
Yearassets · accounts · employer contribution
2024$15.9M · 254 accts · $550K emplr
2022$9.4M · 233 accts · $410K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,180
Investment management$46,288
Total administrative$88,468
The Kendell Doors & Hardware, LLC 401(k) match · 2024
Employer contribution per active participant$2,583
Median for plans this size$2,416
2024$2,583 per active participant
2022$1,710 per active participant

Kendell Doors & Hardware, LLC's 2024 employer contribution ran above the $2,416 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
CREATIVE PLANNING, LLC · Investment advisory (plan)$46,283
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,180

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

Administrative cost history2
2024$88,468 · 0.58%
2022$56,416 · 0.54%
Same employer
Similar plansRetail Trade · Minnesota
Simonson Properties Company MN$16.4M · 0.49%
Trafera, LLC MN$16.2M · 0.63%
Royal Tire, Inc. MN$16.1M · 0.01%
Devenish Nutrition MN$15.9M · 0.36%
Pleasureland, Inc. MN$15.5M · 0.32%
Feldmann Imports, Inc. MN$14.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411405858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.