Plan Ledger DOL Form 5500 · updated monthly

Kitson & Partners Management Ser401(k)

KITSON & PARTNERS MANAGEMENT SERVICES, INC. 401(K) PLAN · PALM BEACH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Kitson & Partners Management Ser reported $70,317 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,163 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 0.20% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,029th-largest of 3,644 plans among Florida employers on file, and the 557th of 2,534 in administrative & support services. In 2024, employees put in $3.42 for every $1.00 the employer contributed; active participation has grown from 164 to 205 since 2022.

Plan summary
Net assets, end of year$22,591,965
Participants with balances195
Active participants205
Employer contributions$443,404
Employee contributions$1,517,999
Employer contribution per active participant$2,163
Average account balance$115,856
Benefits paid to participants$1,487,340
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · 195 accts · $443K emplr
2023$19.3M · 181 accts · $389K emplr
2022$16.8M · 161 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,673
Investment management$38,644
Total administrative$70,317
The Kitson & Partners Management Ser 401(k) match · 2024
Employer contribution per active participant$2,163
Median for plans this size$2,416
2024$2,163 per active participant
2023$2,172 per active participant
2022$2,005 per active participant

Kitson & Partners Management Ser'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
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$38,643
ADP, INC. · Loan processing · Recordkeeping$31,673

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$70,317 · 0.34%
2023$45,532 · 0.25%
2022$37,020 · 0.20%
Same employer
Similar plansAdministrative & Support Services · Florida
The Csi Companies, Inc. FL$24.6M · 0.96%
PSC Custom LP FL$22.1M · 0.00%
Himagine Solutions, Inc. FL$19.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261377793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.