Plan Ledger DOL Form 5500 · updated monthly

Kovalus Separation Solutions, LLC401(k)

KOVALUS 401(K) SAVINGS PLAN · WILMINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Kovalus Separation Solutions, LLC reported $82,866 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $7,432 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 648th-largest of 2,726 plans among Massachusetts employers on file, and the 2,902nd of 13,661 in manufacturing. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$55,860,641
Participants with balances496
Active participants444
Employer contributions$3,299,697
Employee contributions$3,017,106
Employer contribution per active participant$7,432
Average account balance$112,622
Benefits paid to participants$5,296,776
Plan auditQualified audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$55.9M · 496 accts · $3.3M emplr
2023$47.6M · 462 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,937
Investment management$35,929
Total administrative$82,866
The Kovalus Separation Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$7,432
Median for plans this size$3,635

Kovalus Separation Solutions, LLC's 2024 employer contribution ran above the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$46,937
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$35,929

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$82,866 · 0.16%
2023Not separately reported
Same employer
Similar plansManufacturing · Massachusetts
Gn Audio USA, Inc. MA$56.9M · 0.27%
Ufp Technologies, Inc. MA$56.1M · 0.37%
Agenus Inc. MA$52.7M · 0.03%
Chase Corporation MA$52.3M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223011666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.