Plan Ledger DOL Form 5500 · updated monthly

Kenect, LLC401(k)

KENECT RETIREMENT PLAN · PLEASANT GROVE, UT · plan year 2024

Reported admin expense ratio · 2024
1.13%

Kenect, LLC reported $23,857 in plan administrative expenses for 2024: 1.13% of average plan assets, higher than ~75% of peers. 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 0.72% to 1.13%. 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 Utah (723rd of 848), and 12,557th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,512,253
Participants with balances178
Active participants193
Employer contributions—
Employee contributions$501,646
Employer contribution per active participant—
Average account balance$14,114
Benefits paid to participants$322,628
Plan history2
Yearassets · accounts · employer contribution
2024$2.5M · 178 accts
2022$579K · 72 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,857
Total administrative$23,857
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
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$8,422
NATIONAL BENEFIT SERVICES, LLC · Recordkeeping · Loan processing$2,875
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$12,560

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$23,857 · 1.13%
2022$4,158 · 0.72%
Same employer
Similar plansManufacturing · Utah
Handstands Promo, LLC UT$3.5M · 0.54%
Ust, LLC UT$3.3M · 0.24%
Uinta Brewing Company UT$2.6M · 0.83%
Passivelogic, Inc. UT$2.6M · 0.15%
R-Zero Systems, Inc. UT$2.4M · 0.06%
Blendtec, Inc UT$2.1M · 0.98%
Cache Employment Services UT$2.1M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821997153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.