Plan Ledger DOL Form 5500 · updated monthly

Keyfactor, Inc.401(k)

KEYFACTOR, INC. 401(K) PLAN · INDEPENDENCE, OH · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Keyfactor, Inc. reported $12,748 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,272 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 0.061% to 0.057%. 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 the 1,094th-largest of 3,295 plans among Ohio employers on file, and the 4,658th of 11,654 in professional & technical services. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 226 to 291 since 2022.

Plan summary
Net assets, end of year$25,721,061
Participants with balances284
Active participants291
Employer contributions$1,534,191
Employee contributions$3,592,973
Employer contribution per active participant$5,272
Average account balance$90,567
Benefits paid to participants$2,093,653
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 284 accts · $1.5M emplr
2023$18.8M · 243 accts · $1.3M emplr
2022$9.1M · 198 accts · $854K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,036
Investment management$6,512
Total administrative$12,748
The Keyfactor, Inc. 401(k) match · 2024
Employer contribution per active participant$5,272
Median for plans this size$2,416
2024$5,272 per active participant
2023$4,986 per active participant
2022$3,778 per active participant

Keyfactor, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20245
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$6,343
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)$585
GALLAGHER BENEFIT SERVICES INCindirect comp
CBIZ BENEFITS AND INSURANCE SERVICE · Other servicesindirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)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$12,748 · 0.06%
2023$8,982 · 0.06%
2022$5,221 · 0.06%
Same employer
Similar plansProfessional & Technical Services · Ohio
Archem America, Inc. OH$26.1M · 0.62%
Infoverity Holding Co. OH$26.1M · 0.00%
Empower Media Partners, LLC OH$25.9M · 0.24%
Nations Lending Corporation OH$25.7M · 0.78%
United Audit Systems Inc. OH$25.6M · 0.47%
The Shipyard, LLC OH$25.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931327627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.