Plan Ledger DOL Form 5500 · updated monthly

Kerry Inc.401(k)

KERRY INC. SAVINGS PLAN · BELOIT, WI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Kerry Inc. reported $921,851 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,461 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 0.12% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 60th-largest of 1,936 plans among Wisconsin employers on file, and the 493rd of 13,661 in manufacturing. In 2024, employees put in $1.25 for every $1.00 the employer contributed; active participation has shrunk from 5,968 to 4,981 since 2022.

Plan summary
Net assets, end of year$604,187,812
Participants with balances5,666
Active participants4,981
Employer contributions$22,219,295
Employee contributions$27,675,548
Employer contribution per active participant$4,461
Average account balance$106,634
Benefits paid to participants$64,576,257
Plan auditUnmodified (clean) audit opinion
AuditorPICEWATERHOUSECOOPERS,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$604.2M · 5,666 accts · $22.2M emplr
2023$544.7M · 5,386 accts · $19.4M emplr
2022$478.1M · 5,383 accts · $15.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$479,321
Investment management$400,030
Total administrative$921,851
The Kerry Inc. 401(k) match · 2024
Employer contribution per active participant$4,461
Median for plans this size$4,294
2024$4,461 per active participant
2023$3,809 per active participant
2022$2,545 per active participant

Kerry Inc.'s 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$479,321
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$308,696
MERCER INVESTMENT CONSULTING INC · Investment advisory (plan)$91,334
PRICEWATERHOUSECOOPERS LLP$41,000
QDRO CONSULTANTS COMPANY, LLC · Consulting$1,500

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$921,851 · 0.16%
2023$925,648 · 0.18%
2022$632,791 · 0.12%
Same employer
Similar plansManufacturing · Wisconsin
Regal Rexnord Corporation WI$656.4M · 0.07%
Saputo Cheese USA Inc. WI$649.9M · 0.08%
Waupaca Foundry, Inc. WI$598.5M · 0.08%
Greenheck Fan Corporation WI$578.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510274193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.