Plan Ledger DOL Form 5500 · updated monthly

Kimmins Contracting Corp.401(k)

KIMMINS 401K SAVINGS PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Kimmins Contracting Corp. reported $32,554 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,435 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 1 year on file its reported administrative ratio rose from 0.03% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,583rd-largest of 3,644 plans among Florida employers on file, and 532nd of 786 in management of companies. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,047,877
Participants with balances115
Active participants174
Employer contributions$249,669
Employee contributions$520,709
Employer contribution per active participant$1,435
Average account balance$104,764
Benefits paid to participants$245,739
Plan auditUnmodified (clean) audit opinion
AuditorFERLITA,WALSH,GONZALEZ&RODRIGUEZ PA
Plan history2
Yearassets · accounts · employer contribution
2024$12.0M · 115 accts · $250K emplr
2023$10.2M · 114 accts · $246K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,554
Total administrative$32,554
The Kimmins Contracting Corp. 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$2,416
2024$1,435 per active participant
2023$1,481 per active participant

Kimmins Contracting Corp.'s 2024 employer contribution ran below 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 · 20244
CODE WAECHTER,LLC · Investment advisory (plan)$26,864
KB PENSION SERVICES, INC. · Contract administrator$3,105
EMPOWER ADVISORY GROUP LLC · Investment management$3,065

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

Administrative cost history2
2024$32,554 · 0.29%
2023$2,817 · 0.03%
Same employer
Similar plansManagement of Companies · Florida
Kilravock Holding Corp FL$14.7M · 0.40%
Precision Resources, Inc. FL$12.2M · 0.60%
Conti Federal Services, LLC FL$12.2M · 0.63%
Icbd Holdings, LLC FL$11.8M · 1.14%
Hickory Foods, Inc. FL$8.7M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160810270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.