Koops, Inc.ESOP
KOOPS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · HOLLAND, MI · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Koops, Inc. reported $14,847 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,570 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 0.04% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 578th-largest of 2,619 plans among Michigan employers on file, and the 3,083rd of 11,654 in professional & technical services. active participation has grown from 220 to 266 since 2022.
Koops, Inc.'s 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Koops, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 383266325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.