Plan Ledger DOL Form 5500 · updated monthly

Kona Ice, Inc401(k)

KONA ICE, INC. 401(K) PSP RETIREMENT PLAN · FLORENCE, KY · plan year 2024

Reported admin expense ratio · 2024
1.12%

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

Kona Ice, Inc reported $43,554 in plan administrative expenses for 2024: 1.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,312 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 has held roughly steady near 1.122%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Kentucky (661st of 871), and 1,593rd of 2,096 in real estate & leasing. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,405,421
Participants with balances184
Active participants132
Employer contributions$305,138
Employee contributions$361,582
Employer contribution per active participant$2,312
Average account balance$23,943
Benefits paid to participants$77,474
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & COMPANY LTD
Plan history2
Yearassets · accounts · employer contribution
2024$4.4M · 184 accts · $305K emplr
2023$3.4M · 160 accts · $360K emplr
The Kona Ice, Inc 401(k) match · 2024
Employer contribution per active participant$2,312
Median for plans this size$1,313
2024$2,312 per active participant
2023$2,686 per active participant

Kona Ice, Inc's 2024 employer contribution ran above the $1,313 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 · 20243
BIECHELE ROYCE ADVISORS, INC. · Investment advisory (plan)$14,805
CREATIVE RETIREMENT SYSTEMS, INC. · Contract administrator$1,050

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

Administrative cost history2
2024$43,554 · 1.12%
2023$31,581 · 1.12%
Similar plansReal Estate & Leasing · Kentucky
Nts Development Company KY$35.4M · 0.01%
Pmr Companies LLC KY$3.0M · 1.52%
Management Fc, LLC KY$2.2M · 0.69%
Envision Contractors, LLC KY$1.7M · 0.45%
Generation Tux, Inc. KY$815K · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611555075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.