Plan Ledger DOL Form 5500 · updated monthly

King Aerospace, Inc.401(k)

KING AEROSPACE, INC. 401(K) PLAN · ADDISON, TX · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

King Aerospace, Inc. reported $122,206 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,880 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 3 years on file its reported administrative ratio has held roughly steady near 0.622%. 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 2,006th-largest of 5,688 plans among Texas employers on file, and the 5,480th of 11,654 in professional & technical services. In 2024, employees put in $3.30 for every $1.00 the employer contributed; active participation has shrunk from 398 to 231 since 2022.

Plan summary
Net assets, end of year$20,353,637
Participants with balances316
Active participants231
Employer contributions$665,259
Employee contributions$2,197,183
Employer contribution per active participant$2,880
Average account balance$64,410
Benefits paid to participants$3,413,709
Plan auditUnmodified (clean) audit opinion
AuditorGARRETY & ASSOCIATES CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 316 accts · $665K emplr
2023$18.9M · 373 accts · $827K emplr
2022$14.7M · 407 accts · $768K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,206
Total administrative$122,206
The King Aerospace, Inc. 401(k) match · 2024
Employer contribution per active participant$2,880
Median for plans this size$2,416
2024$2,880 per active participant
2023$2,609 per active participant
2022$1,929 per active participant

King Aerospace, Inc.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$122,205
PRINCIPAL SECURITIES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$122,206 · 0.62%
2023$108,833 · 0.65%
2022$92,768 · 0.62%
Same employer
Similar plansProfessional & Technical Services · Texas
Ids Engineering Group Inc. TX$20.6M · 0.00%
Rignet, Inc. TX$20.4M · 0.07%
Thomas J. Henry Law Firm TX$20.4M · 0.70%
Bourque Holdings, LLC TX$20.3M · 0.36%
Motivus, LLC TX$20.0M · 0.59%
New Tech Engineering LP TX$20.0M · 0.42%
Smartcomms, LLC TX$20.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752419748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.