Plan Ledger DOL Form 5500 · updated monthly

Kin Insurance401(k)

KIN INSURANCE RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Kin Insurance reported $109,383 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,986 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 0.59% to 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,653rd-largest of 3,702 plans among Illinois employers on file, and 2,982nd of 4,798 in finance & insurance. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 283 to 679 since 2022.

Plan summary
Net assets, end of year$20,935,649
Participants with balances552
Active participants679
Employer contributions$2,027,301
Employee contributions$4,594,313
Employer contribution per active participant$2,986
Average account balance$37,927
Benefits paid to participants$1,674,981
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 552 accts · $2.0M emplr
2023$12.3M · 432 accts · $1.4M emplr
2022$4.6M · 244 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,375
Investment management$57,008
Total administrative$109,383
The Kin Insurance 401(k) match · 2024
Employer contribution per active participant$2,986
Median for plans this size$2,416
2024$2,986 per active participant
2023$2,940 per active participant

Kin Insurance'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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$52,375
CREATIVE PLANNING · Investment advisory (plan)$57,008

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$109,383 · 0.66%
2023$50,571 · 0.60%
2022$21,360 · 0.59%
Same employer
Similar plansFinance & Insurance · Illinois
Great Lakes Credit Union IL$23.3M · 0.16%
Clearcover, Inc. IL$21.3M · 0.81%
Scott Credit Union IL$20.7M · 0.29%
West Suburban Bank IL$20.5M · 0.06%
Sourcebooks, LLC IL$20.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813300698 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.