Plan Ledger DOL Form 5500 · updated monthly

Kergan Brothers, Inc.401(k)

KERGAN BROTHERS, INC. 401(K) RETIREMENT PLAN · LAFAYETTE, LA · plan year 2022

Reported admin expense ratio · 2022
0.22%

Kergan Brothers, Inc. reported $5,064 in plan administrative expenses for 2022: 0.22% of average plan assets, below the peer median. 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 rose from 0.22% to 6.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Louisiana (784th of 884), and 4,799th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,556,542
Participants with balances782
Active participants15
Employer contributions—
Employee contributions$9,728
Employer contribution per active participant—
Average account balance$1,990
Benefits paid to participants$1,066,366
Plan auditUnmodified (clean) audit opinion
AuditorHARTIENS & FAULK CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$6K · 3 accts
2022$1.6M · 782 accts
Administrative expenses, itemized · 2022
Professional / advisory$5,064
Total administrative$5,064
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$51,997 · 6.66%
2022$5,064 · 0.22%
Similar plansRetail Trade · Louisiana
Spoonbill Ventures, LLC LA$1.5M · 1.89%
Kenyan Enterprises LA$1.1M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720991961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.