Kenny Seng Construction, Inc.ESOP
KENNY SENG CONSTRUCTION EMPLOYEE STOCK OWNERSHIP PLAN · PROVO, UT · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Kenny Seng Construction, Inc. reported $1,251 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,525 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 215th-largest of 848 plans among Utah employers on file, and the 1,482nd of 5,337 in construction. active participation has grown from 136 to 185 since 2021.
Kenny Seng Construction, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 870453743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.