Plan Ledger DOL Form 5500 · updated monthly

Kendrick, Inc.401(k)

KENDRICK, INC. 401(K) PLAN · EDGEWOOD, IA · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Kendrick, Inc. reported $24,708 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,512 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 1.07% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Iowa (773rd of 878), and 3,952nd of 4,246 in wholesale trade. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,818,477
Participants with balances113
Active participants145
Employer contributions$219,283
Employee contributions$352,009
Employer contribution per active participant$1,512
Average account balance$24,942
Benefits paid to participants$95,291
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 113 accts · $219K emplr
2023$2.1M · 117 accts · $209K emplr
2022$1.4M · 117 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,967
Investment management$16,473
Trustee / custodial$1,693
Total administrative$24,708
The Kendrick, Inc. 401(k) match · 2024
Employer contribution per active participant$1,512
Median for plans this size$1,313
2024$1,512 per active participant
2023$1,390 per active participant
2022$1,400 per active participant

Kendrick, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
AVANTAX RETIREMENT PLAN SERVICES · Recordkeeping · Consulting$24,709

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

Recordkeeper by year2
2024AVANTAX RETIREMENT PLAN SERVICES
2023AVANTAX RETIREMENT PLAN SERVICES

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

Administrative cost history3
2024$24,708 · 1.01%
2023$16,290 · 0.95%
2022$12,839 · 1.07%
Same employer
Similar plansWholesale Trade · Iowa
United Beverage, Inc. IA$7.2M · 0.58%
C & S Products Co., Inc. IA$4.3M · 1.36%
Jmf Company IA$3.0M · 0.61%
Louisiana Bag Co., Inc. LA$2.8M · 0.14%
Auto Park Motors, Inc. IN$2.8M · 0.25%
Cometeer, Inc. MA$2.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421171248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.