Plan Ledger DOL Form 5500 · updated monthly

Kirk Movers, Inc.401(k)

KIRK MOVERS, INC. 401(K) · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
1.99%

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

Kirk Movers, Inc. reported $41,721 in plan administrative expenses for 2024: 1.99% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,332 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 2.69% to 1.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Mexico (236th of 290), and 1,807th of 2,096 in real estate & leasing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 192 to 161 since 2022.

Plan summary
Net assets, end of year$2,392,041
Participants with balances643
Active participants161
Employer contributions$214,433
Employee contributions$340,237
Employer contribution per active participant$1,332
Average account balance$3,720
Benefits paid to participants$205,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 643 accts · $214K emplr
2023$1.8M · 613 accts · $268K emplr
2022$989K · 539 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,721
Total administrative$41,721
The Kirk Movers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,332
Median for plans this size$1,313
2024$1,332 per active participant
2023$1,345 per active participant
2022$1,089 per active participant

Kirk Movers, Inc.'s 2024 employer contribution ran above the $1,313 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
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping$3,225
LINCOLN RETIREMENT SERVICES · Contract administrator$38,496

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES
2023ADMIN. GROUP, LLC DBA TAG RESOURCES

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

Administrative cost history3
2024$41,721 · 1.99%
2023$32,950 · 2.36%
2022$21,858 · 2.69%
Similar plansReal Estate & Leasing · New Mexico
Marquee Event Group, Inc. IL$2.4M · 0.81%
Blvd Residential Inc. CA$2.4M · 1.82%
Traincroft, Inc. NH$2.4M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813680730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.