Plan Ledger DOL Form 5500 · updated monthly

King Industries, Inc.401(k)

KING INDUSTRIES, INC. 401(K) RETIREMENT PLAN · NORWALK, CT · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

King Industries, Inc. reported $19,358 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,851 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 manufacturing employers. By assets it is the 326th-largest of 1,106 plans among Connecticut employers on file, and the 3,444th of 13,661 in manufacturing. In 2024, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,900,102
Participants with balances307
Active participants258
Employer contributions$735,465
Employee contributions$2,399,978
Employer contribution per active participant$2,851
Average account balance$142,997
Benefits paid to participants$3,816,440
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAM H. PARR AND CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$43.9M · 307 accts · $735K emplr
2023$38.5M · 302 accts · $663K emplr
2022$32.7M · 285 accts · $630K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,319
Investment management$11,956
Total administrative$19,358
The King Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,851
Median for plans this size$2,416
2024$2,851 per active participant
2023$2,764 per active participant
2022$2,509 per active participant

King Industries, 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,956
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,319

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$19,358 · 0.05%
2023$14,099 · 0.04%
2022$14,602 · 0.04%
Same employer
Similar plansManufacturing · Connecticut
Omega Engineering Inc. CT$49.0M · 0.07%
Comet Technologies USA Inc. CT$48.7M · 0.05%
Simoniz USA, Inc. CT$42.6M · 0.11%
Vineyard Vines, LLC CT$42.2M · 0.28%
Inline Plastics Corp. CT$39.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060796922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.