Plan Ledger DOL Form 5500 · updated monthly

Kiekert USA, Inc.401(k)

KIEKERT USA, INC. 401(K) PLAN · WIXOM, MI · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Kiekert USA, Inc. reported $112,951 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $5,828 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 0.46% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 817th-largest of 2,619 plans among Michigan employers on file, and the 4,657th of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 133 to 154 since 2022.

Plan summary
Net assets, end of year$28,530,657
Participants with balances181
Active participants154
Employer contributions$897,507
Employee contributions$1,261,291
Employer contribution per active participant$5,828
Average account balance$157,628
Benefits paid to participants$1,299,874
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 181 accts · $898K emplr
2023$24.6M · 183 accts · $827K emplr
2022$19.7M · 160 accts · $719K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,615
Investment management$75,336
Total administrative$112,951
The Kiekert USA, Inc. 401(k) match · 2024
Employer contribution per active participant$5,828
Median for plans this size$2,416
2024$5,828 per active participant
2023$5,513 per active participant
2022$5,404 per active participant

Kiekert USA, 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 · 20243
MILLIMAN, INC. · Recordkeeping · Loan processing$37,615
CAPTRUST INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$75,336
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$112,951 · 0.43%
2023$95,556 · 0.43%
2022$99,053 · 0.46%
Same employer
Similar plansManufacturing · Michigan
Kamax Inc. MI$29.3M · 0.15%
Novares US LLC MI$28.8M · 0.33%
Industrial Magnetics, Inc. MI$28.6M · 0.42%
The Mill Steel Co. MI$28.3M · 0.22%
Nlb Corporation MI$28.1M · 0.14%
Metal Flow Corporation MI$28.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382768500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.