Plan Ledger DOL Form 5500 · updated monthly

Kenona Industries LLC401(k)

KENONA INDUSTRIES LLC 401(K) PLAN · GRAND RAPIDS, MI · plan year 2025

Reported admin expense ratio · 2025
0.78%

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

Kenona Industries LLC reported $51,129 in plan administrative expenses for 2025: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,536 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 3 years on file its reported administrative ratio fell from 0.84% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,788th of 2,619), and 10,156th of 13,661 in manufacturing. In 2025, employees put in $3.44 for every $1.00 the employer contributed; active participation has shrunk from 182 to 139 since 2022.

Plan summary
Net assets, end of year$7,027,431
Participants with balances115
Active participants139
Employer contributions$213,451
Employee contributions$735,014
Employer contribution per active participant$1,536
Average account balance$61,108
Benefits paid to participants$997,550
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$7.0M · 115 accts · $213K emplr
2024$6.1M · 112 accts · $218K emplr
2023$5.3M · 139 accts · $108K emplr
2022$3.7M · 139 accts · $107K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$27,037
Investment management$24,092
Total administrative$51,129
The Kenona Industries LLC 401(k) match · 2025
Employer contribution per active participant$1,536
Median for plans this size$1,464
2025$1,536 per active participant
2024$1,437 per active participant
2023$587 per active participant
2022$585 per active participant

Kenona Industries LLC's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
JOHN HANCOCK LIFE INS CO · Recordkeeping · Investment management$2,722
LPL FINANCIAL LLC - RPCP · Investment advisory (participants)$17,499
ALLIANT RETIREMENT SERVICES · Investment advisory (participants)$6,593

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

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

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

Administrative cost history4
2025$51,129 · 0.78%
2024$51,553 · 0.91%
2023$41,141 · 0.92%
2022$31,844 · 0.84%
Same employer
Similar plansManufacturing · Michigan
Greene Group Industries MI$7.2M · 0.63%
Acemco Incorporated MI$7.1M · 0.60%
Rose Medical MI$7.1M · 0.06%
Technique, Inc. MI$7.0M · 0.58%
Wilko Plastics Inc. MI$6.9M · 0.38%
Cs Manufacturing, Inc. MI$6.9M · 0.83%
Kendrick Plastics, Inc. MI$6.9M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825283811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.