Plan Ledger DOL Form 5500 · updated monthly

Kendrionshelby, Inc.401(k)

KENDRION (SHELBY), INC. SAVINGS PROGRAM · SHELBY, NC · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Kendrionshelby, Inc. reported $20,639 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $1,402 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 0.31% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,390th of 2,005), and 10,826th of 13,661 in manufacturing. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has shrunk from 158 to 129 since 2022.

Plan summary
Net assets, end of year$5,753,617
Participants with balances166
Active participants129
Employer contributions$180,866
Employee contributions$371,894
Employer contribution per active participant$1,402
Average account balance$34,660
Benefits paid to participants$715,770
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 166 accts · $181K emplr
2023$5.2M · 156 accts · $162K emplr
2022$4.9M · 165 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,632
Investment management$10,007
Total administrative$20,639
The Kendrionshelby, Inc. 401(k) match · 2024
Employer contribution per active participant$1,402
Median for plans this size$1,313
2024$1,402 per active participant
2023$1,173 per active participant
2022$1,013 per active participant

Kendrionshelby, 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$10,632
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$10,006
ADP BROKER-DEALERindirect 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, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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Administrative cost history3
2024$20,639 · 0.38%
2023$15,941 · 0.32%
2022$18,157 · 0.31%
Same employer
Similar plansManufacturing · North Carolina
Safeguard US Holdco Inc. NC$5.8M · 0.65%
Xceldyne, LLC NC$5.8M · 0.29%
The Pork Company NC$5.8M · 0.26%
Record North America NC$5.6M · 0.73%
Southern Fabricators Inc. NC$5.5M · 0.07%
Redhill Biopharma Inc. NC$5.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208284552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.