Plan Ledger DOL Form 5500 · updated monthly

Kgpco, Inc.401(k)

KGPCO, INC. 401(K) SAVINGS PLAN · FARIBAULT, MN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Kgpco, Inc. reported $66,600 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $776 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 0.05% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 264th-largest of 1,918 plans among Minnesota employers on file, and the 389th of 4,246 in wholesale trade. In 2024, employees put in $6.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$107,089,060
Participants with balances2,321
Active participants2,010
Employer contributions$1,559,777
Employee contributions$10,051,895
Employer contribution per active participant$776
Average account balance$46,139
Benefits paid to participants$10,136,095
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & CO., PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$107.1M · 2,321 accts · $1.6M emplr
2023$92.6M · 2,264 accts · $1.5M emplr
2022$76.2M · 2,619 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,300
Investment management$44,300
Total administrative$66,600
The Kgpco, Inc. 401(k) match · 2024
Employer contribution per active participant$776
Median for plans this size$3,635
2024$776 per active participant
2023$786 per active participant
2022$701 per active participant

Kgpco, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
TAX SHELTERED COMPENSATION, INC. · Contract administrator$36,600
STRONG TOWER ADVISOR · Investment advisory (plan)$30,000

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$66,600 · 0.07%
2023$90,678 · 0.11%
2022$42,733 · 0.05%
Same employer
Similar plansWholesale Trade · Minnesota
Sick, Inc. MN$228.4M · 0.08%
Marco, Inc. MN$151.4M · 0.13%
Oxygen Service Co., Inc. MN$133.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411250049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.