Plan Ledger DOL Form 5500 · updated monthly

Kline & Specter, P.C.401(k)

KLINE & SPECTER, P.C. 401(K) PROFIT SHARING PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Kline & Specter, P.C. reported $47,035 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $4,699 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 0.14% to 0.16%. 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 1,111th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,927th of 11,654 in professional & technical services. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 179 to 229 since 2022.

Plan summary
Net assets, end of year$32,305,206
Participants with balances219
Active participants229
Employer contributions$1,076,003
Employee contributions$1,560,240
Employer contribution per active participant$4,699
Average account balance$147,512
Benefits paid to participants$2,195,139
Plan auditUnmodified (clean) audit opinion
AuditorWHISMAN, GIORDANO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$32.3M · 219 accts · $1.1M emplr
2023$26.9M · 177 accts · $849K emplr
2022$24.2M · 164 accts · $688K emplr
Administrative expenses, itemized · 2024
Investment management$48,378
Total administrative$47,035
The Kline & Specter, P.C. 401(k) match · 2024
Employer contribution per active participant$4,699
Median for plans this size$2,416
2024$4,699 per active participant
2023$4,422 per active participant
2022$3,844 per active participant

Kline & Specter, P.C.'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
GIRARD ADVISORY SERVICES LLC · Investment advisory (plan)$48,378
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$47,035 · 0.16%
2023$38,475 · 0.15%
2022$36,694 · 0.14%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
ALL4 LLC PA$32.7M · 0.16%
Gray Matter Systems, LLC PA$32.4M · 0.33%
Mastech Digital, Inc. PA$32.4M · 0.36%
Playfly, LLC PA$32.4M · 0.25%
Stambaugh Ness, Inc. PA$32.2M · 0.34%
Y-Prime LLC PA$32.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232830302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.