Plan Ledger DOL Form 5500 · updated monthly

Kern-Liebers USA Inc.401(k)

KERN-LIEBERS 401(K) PLAN · HOLLAND, OH · plan year 2022

Reported admin expense ratio · 2022
0.03%

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

Kern-Liebers USA Inc. reported $3,878 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,700 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 rose from 0.03% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,915th of 3,295), and 8,417th of 13,661 in manufacturing. In 2022, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,871,834
Participants with balances174
Active participants182
Employer contributions$309,444
Employee contributions$620,914
Employer contribution per active participant$1,700
Average account balance$62,482
Benefits paid to participants$5,299,851
Plan auditUnmodified (clean) audit opinion
AuditorDONOVAN, KLIMCZAK AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 215 accts · $311K emplr
2023$9.7M · 209 accts · $300K emplr
2022$10.9M · 174 accts · $309K emplr
Administrative expenses, itemized · 2022
Investment management$1,176
Total administrative$3,878
The Kern-Liebers USA Inc. 401(k) match · 2022
Employer contribution per active participant$1,700
Median for plans this size$2,266
2024$1,775 per active participant
2023$1,657 per active participant
2022$1,700 per active participant

Kern-Liebers USA Inc.'s 2022 employer contribution ran below the $2,266 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 history3
2024$44,530 · 0.53%
2023$28,825 · 0.28%
2022$3,878 · 0.03%
Same employer
Similar plansManufacturing · Ohio
Insource Technologies, Inc. OH$11.0M · 0.59%
Millat Industries OH$11.0M · 0.43%
Intigral, Inc. OH$10.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341210887 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.