Plan Ledger DOL Form 5500 · updated monthly

Kevin, Inc.401(k)

KEVIN, INC. PROFIT SHARING PLAN · KITTERY, ME · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Kevin, Inc. reported $2,761 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,857 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 0.014% to 0.012%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 124th-largest of 354 plans among Maine employers on file, and the 1,264th of 5,215 in retail trade. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,727,673
Participants with balances221
Active participants191
Employer contributions$545,693
Employee contributions$737,539
Employer contribution per active participant$2,857
Average account balance$107,365
Benefits paid to participants$1,807,211
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 221 accts · $546K emplr
2023$22.0M · 232 accts · $545K emplr
2022$18.3M · 232 accts · $782K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,462
Investment management$1,299
Total administrative$2,761
The Kevin, Inc. 401(k) match · 2024
Employer contribution per active participant$2,857
Median for plans this size$2,416
2024$2,857 per active participant
2023$2,855 per active participant
2022$4,052 per active participant

Kevin, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,462

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$2,761 · 0.01%
2023$2,776 · 0.01%
2022$2,708 · 0.01%
Same employer
Similar plansRetail Trade · Maine
Darling's ME$44.6M · 0.03%
Chambers Leasing ME$39.4M · 0.06%
Lee Management Company ME$34.4M · 0.17%
Village Subaru ME$29.3M · 0.48%
Charlie's Motor Mall, Inc. ME$20.8M · 0.46%
Pape Chevrolet, Inc. ME$20.6M · 0.33%
Marden's, Inc. ME$20.4M · 0.65%
Viking, Inc. ME$17.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010421263 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.