Plan Ledger DOL Form 5500 · updated monthly

King Enterprises401(k)

KELS FOODS, INC. 401(K) RETIREMENT PLAN · FREEPORT, IL · plan year 2022

Reported admin expense ratio · 2022
0.03%

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

King Enterprises reported $825 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Illinois (3,340th of 3,702), and 1,400th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,179,438
Participants with balances64
Active participants120
Employer contributions$0
Employee contributions$115,271
Employer contribution per active participant$0
Average account balance$34,054
Benefits paid to participants$111,650
Plan auditUnmodified (clean) audit opinion
AuditorMARTIN HOOD LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$275
Professional / advisory$550
Total administrative$825
The King Enterprises 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

King Enterprises's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$825 · 0.03%
Similar plansAccommodation & Food Services · Illinois
Citygate Hospitality LLC IL$2.3M · 2.58%
Barracos Pizza IL$2.2M · 0.52%
Bold Enterprises, Inc. IL$2.2M · 0.87%
Patio Food Products, Inc. IL$2.2M · 1.28%
Newtel Management LLC IL$2.0M · 0.62%
Vpc Pizza Management, LLC IL$1.8M · 1.01%
Grg Holdings LLC IL$1.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362859033 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.