Plan Ledger DOL Form 5500 · updated monthly

Klnb LLC401(k)

KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST · TOWSON, MD · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Klnb LLC reported $49,618 in plan administrative expenses for 2023: 0.08% of average plan assets, below the peer median. Employer contributions averaged $12,521 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 1 year on file its reported administrative ratio fell from 0.09% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 259th-largest of 1,671 plans among Maryland employers on file, and the 210th of 2,096 in real estate & leasing. In 2023, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$65,036,106
Participants with balances166
Active participants139
Employer contributions$1,740,390
Employee contributions$1,430,814
Employer contribution per active participant$12,521
Average account balance$391,784
Benefits paid to participants$8,364,339
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNICK,LLP
Plan history2
Yearassets · accounts · employer contribution
2023$65.0M · 166 accts · $1.7M emplr
2022$55.7M · 167 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,868
Investment management$35,000
Total administrative$49,618
The Klnb LLC 401(k) match · 2023
Employer contribution per active participant$12,521
Median for plans this size$3,659
2023$12,521 per active participant
2022$11,975 per active participant

Klnb LLC's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
RBC WEALTH MANAGEMENT · Investment advisory (plan)$35,000
COHNREZNICK LLP · Accounting / audit$24,600
ASCENSUS$14,618

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

Administrative cost history2
2023$49,618 · 0.08%
2022$48,452 · 0.09%
Same employer
Similar plansReal Estate & Leasing · Maryland
Jbgs Employee Company LLC MD$132.3M · 0.11%
Copt Defense Properties, LP MD$108.7M · 0.06%
Federal Realty Op LP MD$76.9M · 0.24%
St. John Properties, Inc. MD$54.3M · 0.26%
Peri Formwork Systems, Inc. MD$49.6M · 0.17%
Bright Mls, Inc. MD$39.6M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200308788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.