Plan Ledger DOL Form 5500 · updated monthly

Kiswire, Inc.401(k)

KISWIRE, INC. 401(K) PLAN · NEWBERRY, SC · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Kiswire, Inc. reported $104,052 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,455 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 0.55% to 0.67%. 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 313th-largest of 807 plans among South Carolina employers on file, and the 6,671st of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,530,333
Participants with balances250
Active participants387
Employer contributions$563,116
Employee contributions$1,004,249
Employer contribution per active participant$1,455
Average account balance$66,121
Benefits paid to participants$1,769,593
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 250 accts · $563K emplr
2023$14.6M · 272 accts · $585K emplr
2022$12.8M · 276 accts · $565K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,717
Investment management$39,169
Trustee / custodial$166
Total administrative$104,052
The Kiswire, Inc. 401(k) match · 2024
Employer contribution per active participant$1,455
Median for plans this size$2,416
2024$1,455 per active participant
2023$1,441 per active participant
2022$1,422 per active participant

Kiswire, Inc.'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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$64,717
MORGAN STANLEY · Consulting · Investment advisory (plan)$39,169

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$104,052 · 0.67%
2023$100,504 · 0.73%
2022$74,984 · 0.55%
Similar plansManufacturing · South Carolina
Marcone Group SC$17.5M · 0.52%
Inman Mills SC$16.5M · 0.05%
Boysen USA, LLC SC$16.4M · 0.37%
Progress Lighting LLC SC$16.4M · 0.10%
Britax Child Safety, Inc. SC$16.0M · 0.24%
Swiss Krono USA, Inc. SC$15.9M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582348658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.