Plan Ledger DOL Form 5500 · updated monthly

Kingspan Holdings Panels US Inc.401(k)

KINGSPAN HOLDINGS PANELS US INC. 401(K) PLAN · DELAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Kingspan Holdings Panels US Inc. reported $111,039 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,003 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 0.28%. 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 620th-largest of 3,644 plans among Florida employers on file, and the 3,569th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 490 to 568 since 2022.

Plan summary
Net assets, end of year$41,893,771
Participants with balances680
Active participants568
Employer contributions$1,705,754
Employee contributions$3,660,889
Employer contribution per active participant$3,003
Average account balance$61,608
Benefits paid to participants$5,911,275
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE SCHILLER & GARDYN P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$41.9M · 680 accts · $1.7M emplr
2023$37.4M · 642 accts · $1.6M emplr
2022$30.7M · 598 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,164
Investment management$46,875
Total administrative$111,039
The Kingspan Holdings Panels US Inc. 401(k) match · 2024
Employer contribution per active participant$3,003
Median for plans this size$2,416
2024$3,003 per active participant
2023$3,170 per active participant
2022$2,918 per active participant

Kingspan Holdings Panels US 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
ADP, INC. · Recordkeeping · Loan processing$64,164
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$46,875

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

Recordkeeper by year2
2024ADP, GREENSPRING ADVISORS, LLC
2023ADP, GREENSPRING ADVISORS, LLC

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Administrative cost history3
2024$111,039 · 0.28%
2023$92,137 · 0.27%
2022$91,559 · 0.29%
Similar plansManufacturing · Florida
Sparton Corporation FL$43.6M · 0.31%
Syn-Tech Systems, Inc. FL$42.8M · 0.02%
Pharmalogic Holdings Corp. FL$42.3M · 0.19%
Luminar Technologies Inc. FL$40.6M · 0.81%
Brown Jordan Inc. FL$39.1M · 0.25%
Polyglass USA, Inc. FL$38.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262903876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.