Plan Ledger DOL Form 5500 · updated monthly

Kennedy Fabricating Operations, LLC401(k)

KENNEDY FABRICATING OPERATIONS, LLC. 401(K) PLAN · SPLENDORA, TX · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Kennedy Fabricating Operations, LLC reported $18,880 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $767 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 1 year on file its reported administrative ratio fell from 0.70% to 0.61%. 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 Texas (4,448th of 5,688), and 12,026th of 13,661 in manufacturing. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,472,245
Participants with balances278
Active participants254
Employer contributions$194,849
Employee contributions$385,008
Employer contribution per active participant$767
Average account balance$12,490
Benefits paid to participants$181,982
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.5M · 278 accts · $195K emplr
2023$2.7M · 249 accts · $168K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,880
Total administrative$18,880
The Kennedy Fabricating Operations, LLC 401(k) match · 2024
Employer contribution per active participant$767
Median for plans this size$1,313
2024$767 per active participant
2023$843 per active participant

Kennedy Fabricating Operations, LLC's 2024 employer contribution ran below 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
ADP, INC. · Loan processing · Recordkeeping$18,879

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
2023ADP

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

Administrative cost history2
2024$18,880 · 0.61%
2023$16,847 · 0.70%
Similar plansManufacturing · Texas
Freund Enterprises, Inc. TX$3.7M · 1.04%
Kw International, LLC TX$3.5M · 1.18%
Rdt, Inc. TX$3.5M · 0.40%
W. Silver Inc. TX$3.4M · 0.14%
Nts Amega West USA, Inc TX$3.4M · 0.37%
Marking Systems, Inc. TX$3.4M · 0.02%
Willbanks Metals Inc TX$3.4M · 1.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921536706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.