Plan Ledger DOL Form 5500 · updated monthly

Klas Enterprises, LLC401(k)

KLAS ENTERPRISES, LLC 401(K) PLAN · PLEASANT GROVE, UT · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Klas Enterprises, LLC reported $111,755 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $4,648 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 3 years on file its reported administrative ratio has held roughly steady near 0.454%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 243rd-largest of 848 plans among Utah employers on file, and the 4,599th of 11,654 in professional & technical services. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,162,635
Participants with balances216
Active participants195
Employer contributions$906,457
Employee contributions$1,327,362
Employer contribution per active participant$4,648
Average account balance$121,123
Benefits paid to participants$2,500,092
Plan auditUnmodified (clean) audit opinion
AuditorSQUIRE AND COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 216 accts · $906K emplr
2023$23.0M · 225 accts · $913K emplr
2022$17.5M · 208 accts · $795K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,755
Total administrative$111,755
The Klas Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$4,648
Median for plans this size$2,416
2024$4,648 per active participant
2023$4,112 per active participant
2022$3,973 per active participant

Klas Enterprises, 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 · 20247
GALLAGHER BENEFIT SERVICES INC · Investment advisory (plan)$44,498
PENSIONS PLUS, INC. · Contract administrator$20,081
SQUIRE & COMPANY PC · Accounting / audit$7,793
EMPOWER ADVISORY GROUP, LLC · Investment management$873

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$111,755 · 0.45%
2023$91,753 · 0.45%
2022$84,870 · 0.45%
Same employer
Similar plansProfessional & Technical Services · Utah
Ffkr Architects/Planners II UT$30.0M · 0.16%
Sunrise Engineering, Inc. UT$28.3M · 0.42%
Rainfocus, LLC UT$25.2M · 0.11%
Novacoast, Inc. UT$24.9M · 0.21%
Haynie & Company UT$24.8M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860878379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.