Plan Ledger DOL Form 5500 · updated monthly

Kennedy Concepts, Inc.401(k)

KENNEDY CONCEPTS, INC. 401(K) PLAN · GATLINBURG, TN · plan year 2022

Employer contribution per participant · 2022
$40

Kennedy Concepts, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $28,712 across 20 participant accounts, with employer contributions averaging $40 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Tennessee (1,488th of 1,496), and 2,197th of 2,240 in accommodation & food services. In 2022, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,712
Participants with balances20
Active participants252
Employer contributions$10,023
Employee contributions$18,893
Employer contribution per active participant$40
Average account balance$1,436
Plan auditUnmodified (clean) audit opinion
AuditorCHRISTI H. SAYLES
The Kennedy Concepts, Inc. 401(k) match · 2022
Employer contribution per active participant$40
Median for plans this size$331

Kennedy Concepts, Inc.'s 2022 employer contribution ran below the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 275336625 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.