Plan Ledger DOL Form 5500 · updated monthly

King Beverage, Inc.401(k)

KING BEVERAGE, INC. EMPLOYEES' 401(K) PLAN · SPOKANE, WA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

King Beverage, Inc. reported $5,187 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,367 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 0.04% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Washington (977th of 1,714), and 2,690th of 4,246 in wholesale trade. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has grown from 154 to 186 since 2022.

Plan summary
Net assets, end of year$11,907,167
Participants with balances202
Active participants186
Employer contributions$440,177
Employee contributions$611,485
Employer contribution per active participant$2,367
Average account balance$58,946
Benefits paid to participants$965,182
Plan auditUnmodified (clean) audit opinion
AuditorALRDRICH CPAS AND ADVISORS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 202 accts · $440K emplr
2023$10.4M · 195 accts · $402K emplr
2022$9.1M · 163 accts · $277K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,662
Total administrative$5,187
The King Beverage, Inc. 401(k) match · 2024
Employer contribution per active participant$2,367
Median for plans this size$2,416
2024$2,367 per active participant
2023$1,852 per active participant
2022$1,797 per active participant

King Beverage, Inc.'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 · 20241
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment management$2,662

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$5,187 · 0.05%
2023$4,870 · 0.05%
2022$3,608 · 0.04%
Similar plansWholesale Trade · Washington
The Box Maker WA$14.0M · 0.24%
Spokane Produce, Inc. WA$12.6M · 0.43%
Western Materials, Inc. WA$12.2M · 0.01%
Fungi Perfecti, LLC WA$10.7M · 0.16%
C. Stein, Inc. dba Csb WA$10.2M · 0.59%
Baden Sports, Inc. WA$9.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911090148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.