Plan Ledger DOL Form 5500 · updated monthly

Kennedys Cmk LLP401(k)

KENNEDYS CMK LLP 401(K) PROFIT SHARING PLAN AND TRUST · BASKING RIDGE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Kennedys Cmk LLP reported $56,395 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,374 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 0.17% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 625th-largest of 2,419 plans among New Jersey employers on file, and the 3,059th of 11,654 in professional & technical services. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has grown from 312 to 437 since 2022.

Plan summary
Net assets, end of year$44,011,097
Participants with balances391
Active participants437
Employer contributions$1,037,235
Employee contributions$4,087,458
Employer contribution per active participant$2,374
Average account balance$112,560
Benefits paid to participants$1,425,705
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$44.0M · 391 accts · $1.0M emplr
2023$32.4M · 322 accts · $927K emplr
2022$23.4M · 270 accts · $622K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,616
Investment management$5,779
Total administrative$56,395
The Kennedys Cmk LLP 401(k) match · 2024
Employer contribution per active participant$2,374
Median for plans this size$2,416
2024$2,374 per active participant
2023$2,538 per active participant
2022$1,992 per active participant

Kennedys Cmk LLP's 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$50,646
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,779

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

Administrative cost history3
2024$56,395 · 0.15%
2023$49,327 · 0.18%
2022$41,017 · 0.17%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Holt Logistics Corp. NJ$44.8M · 0.23%
Parker McCay P.A. NJ$44.7M · 0.25%
Ilsl Holding Inc. USA NJ$44.7M · 0.44%
Ajs Shared Services, LLC NJ$44.1M · 0.14%
Brach Eichler L.L.C. NJ$43.5M · 0.04%
Systra U.S.A., Inc. NJ$43.3M · 0.15%
Valuemomentum, Inc. NJ$42.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223493328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.