Plan Ledger DOL Form 5500 · updated monthly

Kenney Manufacturing Company401(k)

KENNEY MANUFACTURING COMPANY 401(K) PLAN · WARWICK, RI · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Kenney Manufacturing Company reported $60,123 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.19% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 89th-largest of 286 plans among Rhode Island employers on file, and the 4,233rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$32,494,812
Participants with balances334
Active participants224
Employer contributions$0
Employee contributions$918,233
Employer contribution per active participant$0
Average account balance$97,290
Benefits paid to participants$5,112,741
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.6M · 304 accts
2023$32.5M · 334 accts
2022$31.7M · 350 accts · $435K emplr
Administrative expenses, itemized · 2023
Investment management$37,873
Audit (IQPA)$22,250
Total administrative$60,123
The Kenney Manufacturing Company 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Kenney Manufacturing Company's 2023 employer contribution ran below the $2,440 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SENTINEL PENSION ADVISORS · Investment advisory (plan)$37,873
CBIZ CPAS, P.C. · Accounting / audit$22,250

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$25,820 · 0.08%
2023$60,123 · 0.19%
2022Not separately reported
Same employer
Similar plansManufacturing · Rhode Island
The Moore Company RI$50.3M · 0.03%
Talaria Company, LLC RI$49.4M · 0.07%
Astronova, Inc. RI$44.4M · 0.13%
Kvh Industries, Inc. RI$42.8M · 0.24%
Senvias, Inc. RI$30.2M · 0.62%
Mahr Inc. RI$29.1M · 0.01%
Greystone of Lincoln Inc RI$27.9M · 0.05%
Alloy Holdings, LLC RI$27.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050165980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.