Plan Ledger DOL Form 5500 · updated monthly

Korrus Inc401(k)

KORRUS INC 401(K) PLAN & TRUST · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Korrus Inc reported $20,166 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.15% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (6,221st of 9,483), and 9,954th of 13,661 in manufacturing. active participation has shrunk from 186 to 94 since 2022.

Plan summary
Net assets, end of year$7,381,994
Participants with balances163
Active participants94
Employer contributions$0
Employee contributions$516,564
Employer contribution per active participant$0
Average account balance$45,288
Benefits paid to participants$676,177
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 163 accts
2023$6.6M · 186 accts · $336 emplr
2022$5.5M · 143 accts · $11K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$166
Total administrative$20,166
The Korrus Inc 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$3 per active participant
2022$58 per active participant

Korrus Inc's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20244
NICHOLAS PENSION CONSULTANTS · Recordkeeping · Loan processing$2,250
GLOBAL RETIREMENT PARTNERS · Pension consulting · Loan processing$15,000
WELLTH ADVISORY SERVICES · Investment advisory (participants)$5,000
THE VANGUARD GROUP, INC. · Investment advisory (plan)$1,680

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

Recordkeeper by year2
2024NICHOLAS PENSION CONSULTANTS
2023GLOBAL RETIREMENT PARTNERS, NICHOLAS PENSION CONSULTANTS

This plan has changed recordkeepers within these filings. If you left Korrus 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).

Administrative cost history3
2024$20,166 · 0.29%
2023$13,258 · 0.22%
2022$7,783 · 0.15%
Same employer
Similar plansManufacturing · California
Glasswerks la Inc. CA$7.4M · 0.38%
Nanostone Water, Inc. CA$7.4M · 0.70%
Swisstex California, Inc. CA$7.4M · 0.40%
Fmi Aerostructures, LLC CA$7.4M · 0.55%
California Box Company CA$7.4M · 0.34%
All Access Apparel, Inc. CA$7.4M · 0.01%
Vital Connect, Inc. CA$7.4M · 0.11%
Gt's Living Foods, LLC CA$7.3M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263319070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.