Plan Ledger DOL Form 5500 · updated monthly

Kett Engineering Corporation401(k)

KETT ENGINEERING CORPORATION RETIREMENT PLAN · VAN NUYS, CA · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Kett Engineering Corporation reported $97,017 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged $97 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 0.82% to 0.90%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,230th of 9,483), and 7,734th of 11,654 in professional & technical services. In 2024, employees put in $20.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,865,367
Participants with balances387
Active participants380
Employer contributions$37,009
Employee contributions$740,155
Employer contribution per active participant$97
Average account balance$28,076
Benefits paid to participants$2,161,619
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 387 accts · $37K emplr
2023$10.7M · 473 accts · $45K emplr
2022$9.8M · 418 accts · $29K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,481
Audit (IQPA)$15,536
Total administrative$97,017
The Kett Engineering Corporation 401(k) match · 2024
Employer contribution per active participant$97
Median for plans this size$2,416
2024$97 per active participant
2023$95 per active participant
2022$75 per active participant

Kett Engineering Corporation's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$81,480
ARMANINO LLP · Accounting / audit$11,681
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect 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$97,017 · 0.90%
2023$89,202 · 0.87%
2022$89,199 · 0.82%
Same employer
Similar plansProfessional & Technical Services · California
D2IQ, Inc. CA$11.0M · 0.17%
Holmes US, a Partnership CA$11.0M · 0.00%
Medrio CA$11.0M · 0.08%
Quanta Computer USA, Inc. CA$10.9M · 0.01%
Descript, Inc. CA$10.7M · 0.47%
Zoic, Inc. CA$10.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951780668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.