Plan Ledger DOL Form 5500 · updated monthly

Kone Inc.401(k)

KONE INC. EMPLOYEE SAVINGS PLAN · LISLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Kone Inc. reported $347,530 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $4,973 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 0.06% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 165th-largest of 3,702 plans among Illinois employers on file, and the 598th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$467,398,167
Participants with balances2,544
Active participants1,962
Employer contributions$9,757,420
Employee contributions$21,934,536
Employer contribution per active participant$4,973
Average account balance$183,726
Benefits paid to participants$45,271,300
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE AND MORAN PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$467.4M · 2,544 accts · $9.8M emplr
2023$420.2M · 2,458 accts · $9.3M emplr
2022$371.6M · 2,406 accts · $8.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,520
Investment management$209,211
Total administrative$347,530
The Kone Inc. 401(k) match · 2024
Employer contribution per active participant$4,973
Median for plans this size$4,294
2024$4,973 per active participant
2023$5,075 per active participant
2022$4,752 per active participant

Kone Inc.'s 2024 employer contribution ran above the $4,294 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 · 20245
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$209,211
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$65,757
MCDERMOTT WILL & EMERY LLP · Legal$52,024
PLANTE MORAN · Accounting / audit$15,000
AON · Consulting$13,750

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$347,530 · 0.08%
2023$251,600 · 0.06%
2022$258,072 · 0.06%
Same employer
Similar plansManufacturing · Illinois
Donnelley Financial, LLC IL$509.2M · 0.08%
Nouryon Chemicals LLC IL$508.7M · 0.08%
Tetra Pak, Inc. IL$500.2M · 0.09%
Shure Incorporated IL$439.7M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 362357423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.