Plan Ledger DOL Form 5500 · updated monthly

Kensington Glass Arts, Inc.401(k)

KENSINGTON GLASS ARTS 401(K) PLAN · IJAMSVILLE, MD · plan year 2022

Reported admin expense ratio · 2022
0.20%

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

Kensington Glass Arts, Inc. reported $13,004 in plan administrative expenses for 2022: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,680 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 has held roughly steady near 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (1,207th of 1,671), and 10,687th of 13,661 in manufacturing. In 2022, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,985,294
Participants with balances122
Active participants182
Employer contributions$305,712
Employee contributions$531,645
Employer contribution per active participant$1,680
Average account balance$49,060
Benefits paid to participants$640,015
Plan auditUnmodified (clean) audit opinion
AuditorCST GROUP, CPAS, PC
Plan history2
Yearassets · accounts · employer contribution
2023$3.9M · 95 accts · $4K emplr
2022$6.0M · 122 accts · $306K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$13,004
Total administrative$13,004
The Kensington Glass Arts, Inc. 401(k) match · 2022
Employer contribution per active participant$1,680
Median for plans this size$1,114
2023$44 per active participant
2022$1,680 per active participant

Kensington Glass Arts, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$10,406 · 0.21%
2022$13,004 · 0.20%
Same employer
Similar plansManufacturing · Maryland
Corporate Press, Inc. MD$6.2M · 0.01%
Smith Industries, Inc. MD$6.2M · 0.42%
Phoenix Mecano, Inc. MD$5.5M · 0.44%
Bindagraphics, Inc. MD$5.5M · 0.03%
C-Care Company, LLC MD$5.4M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521520759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.