Plan Ledger DOL Form 5500 · updated monthly

Kirk Nationalease Administration Company401(k)

KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN · SIDNEY, OH · plan year 2024

Reported admin expense ratio · 2024
1.78%

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

Kirk Nationalease Administration Company reported $100,546 in plan administrative expenses for 2024: 1.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $898 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 1.68% to 1.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Ohio (2,426th of 3,295), and 1,340th of 2,534 in administrative & support services. In 2024, employees put in $4.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,959,353
Participants with balances196
Active participants174
Employer contributions$156,212
Employee contributions$627,409
Employer contribution per active participant$898
Average account balance$30,405
Benefits paid to participants$877,335
Plan auditDisclaimer of opinion
AuditorMONNIER & CO CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 196 accts · $156K emplr
2023$5.3M · 192 accts · $152K emplr
2022$4.5M · 188 accts · $136K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,162
Investment management$51,834
Audit (IQPA)$11,550
Total administrative$100,546
The Kirk Nationalease Administration Company 401(k) match · 2024
Employer contribution per active participant$898
Median for plans this size$1,313
2024$898 per active participant
2023$916 per active participant
2022$826 per active participant

Kirk Nationalease Administration Company's 2024 employer contribution ran below 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 · 20243
FISHER ASSET MANAGEMENT · Other services$51,834
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$37,162
MONNIER & CO · Accounting / audit$11,550

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$100,546 · 1.78%
2023$86,407 · 1.75%
2022$80,465 · 1.68%
Same employer
Similar plansAdministrative & Support Services · Ohio
Accuserve Solutions, Inc. OH$7.2M · 0.98%
Belflex Staffing Network OH$7.0M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341809423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.