Plan Ledger DOL Form 5500 · updated monthly

Kingspan Light & Air, LLC401(k)

KINGSPAN LIGHT & AIR 401(K) PLAN · LAKE FOREST, IL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Kingspan Light & Air, LLC reported $82,578 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,240 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 fell from 0.60% to 0.38%. 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 1,298th-largest of 3,702 plans among Illinois employers on file, and the 4,423rd of 13,661 in manufacturing. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 264 to 419 since 2022.

Plan summary
Net assets, end of year$30,625,182
Participants with balances478
Active participants419
Employer contributions$938,694
Employee contributions$2,052,587
Employer contribution per active participant$2,240
Average account balance$64,069
Benefits paid to participants$1,889,257
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE SCHILLER & GARDYN P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$30.6M · 478 accts · $939K emplr
2023$13.2M · 299 accts · $572K emplr
2022$10.4M · 301 accts · $506K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,578
Investment management$35,000
Total administrative$82,578
The Kingspan Light & Air, LLC 401(k) match · 2024
Employer contribution per active participant$2,240
Median for plans this size$2,416
2024$2,240 per active participant
2023$2,064 per active participant
2022$1,918 per active participant

Kingspan Light & Air, LLC'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$47,578
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$35,000

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,578 · 0.38%
2023$50,317 · 0.43%
2022$50,650 · 0.60%
Similar plansManufacturing · Illinois
Robertshaw Controls Company IL$30.9M · 0.05%
Jdrc Managed Services, LLC IL$30.8M · 0.87%
Flavorchem Corporation IL$30.6M · 0.26%
Mitek Corporation IL$30.4M · 0.23%
Sagent Pharmaceuticals Inc IL$30.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813828638 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.