Plan Ledger DOL Form 5500 · updated monthly

Kirwan Surgical Products LLC401(k)

KIRWAN SURGICAL PRODUCTS 401K PROFIT SHARING PLAN · MARSHFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Kirwan Surgical Products LLC reported $6,241 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,160 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 0.01% to 0.02%. 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 810th-largest of 2,726 plans among Massachusetts employers on file, and the 3,611th of 13,661 in manufacturing. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 132 to 166 since 2022.

Plan summary
Net assets, end of year$41,038,890
Participants with balances184
Active participants166
Employer contributions$1,520,595
Employee contributions$1,784,218
Employer contribution per active participant$9,160
Average account balance$223,037
Benefits paid to participants$1,088,472
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW J. BERNIER CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 184 accts · $1.5M emplr
2023$33.3M · 169 accts · $1.3M emplr
2022$26.0M · 156 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Investment management$6,241
Total administrative$6,241
The Kirwan Surgical Products LLC 401(k) match · 2024
Employer contribution per active participant$9,160
Median for plans this size$2,416
2024$9,160 per active participant
2023$9,353 per active participant
2022$8,469 per active participant

Kirwan Surgical Products LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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)$6,241

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$6,241 · 0.02%
2023$5,442 · 0.02%
2022$4,085 · 0.01%
Same employer
Similar plansManufacturing · Massachusetts
Charm Sciences, Inc. MA$46.3M · 0.12%
Advance Mfg. Co., Inc. MA$42.4M · 0.41%
Exagrid Systems, Inc. MA$41.9M · 0.13%
Optos Inc. MA$41.7M · 0.11%
Mycronic MA$40.9M · 0.25%
Abcam, Inc. MA$40.8M · 0.63%
Aspen Aerogels, Inc. MA$40.7M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262477686 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.