Plan Ledger DOL Form 5500 · updated monthly

Kerecis, LLC401(k)

KERECIS, LLC 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Kerecis, LLC reported $17,603 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $7 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 0.30% to 0.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Virginia (1,442nd of 2,266), and the 2,569th of 5,215 in retail trade. In 2024, employees put in $1162.47 for every $1.00 the employer contributed; active participation has grown from 268 to 460 since 2022.

Plan summary
Net assets, end of year$10,351,785
Participants with balances594
Active participants460
Employer contributions$3,170
Employee contributions$3,685,030
Employer contribution per active participant$7
Average account balance$17,427
Benefits paid to participants$1,039,133
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 594 accts · $3K emplr
2023$6.0M · 490 accts · $6K emplr
2022$2.6M · 292 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,350
Investment management$803
Total administrative$17,603
The Kerecis, LLC 401(k) match · 2024
Employer contribution per active participant$7
Median for plans this size$1,313
2024$7 per active participant
2023$15 per active participant

Kerecis, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
SCP RETIREMENT SERVICES, LLC · Other services$1,450
VOYA RETIREMENT SERVICES · Investment advisory (participants)$696
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)$61
OPPENHEIMER & COindirect comp

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$17,603 · 0.22%
2023$9,393 · 0.22%
2022$6,088 · 0.30%
Same employer
Similar plansRetail Trade · Virginia
Pohanka Auto Center, Inc. VA$11.2M · 0.63%
Jerrys Ford Sales, Inc. VA$10.9M · 0.49%
Paxton van Lines, Inc. VA$10.6M · 0.10%
Vta, LLC VA$9.1M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811090267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.