Plan Ledger DOL Form 5500 · updated monthly

Kitchen Kompact, Inc.401(k)

KITCHEN KOMPACT, INC. PROFIT SHARING PLAN · JEFFERSONVILLE, IN · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Kitchen Kompact, Inc. reported $64,433 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,048 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 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 446th-largest of 1,562 plans among Indiana employers on file, and the 4,643rd of 13,661 in manufacturing. In 2023, employees put in $1.01 for every $1.00 the employer contributed; active participation has shrunk from 262 to 216 since 2022.

Plan summary
Net assets, end of year$28,650,939
Participants with balances252
Active participants216
Employer contributions$226,310
Employee contributions$228,455
Employer contribution per active participant$1,048
Average account balance$113,694
Benefits paid to participants$3,503,647
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 217 accts · $207K emplr
2023$28.7M · 252 accts · $226K emplr
2022$28.2M · 257 accts · $715K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,382
Investment management$28,924
Trustee / custodial$13,127
Total administrative$64,433
The Kitchen Kompact, Inc. 401(k) match · 2023
Employer contribution per active participant$1,048
Median for plans this size$2,440
2024$1,033 per active participant
2023$1,048 per active participant
2022$2,731 per active participant

Kitchen Kompact, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
USI CONSULTING GROUP · Recordkeeping · Plan administrator$22,382
RAYMOND JAMES AND ASSOCIATES, INC. · Consulting$28,924
CHARLES SCHWAB TRUST BANK · Trustee$13,127

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$63,782 · 0.24%
2023$64,433 · 0.23%
2022$61,604 · 0.22%
Same employer
Similar plansManufacturing · Indiana
Tc Heartland, LLC IN$29.1M · 0.15%
Elgin Fastener Group, LLC IN$28.8M · 0.35%
Manar, Inc. IN$28.7M · 0.01%
Laidig Systems, Inc. IN$28.1M · 0.10%
Toa (USA), LLC IN$26.4M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351048077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.