Plan Ledger DOL Form 5500 · updated monthly

Kraft & Kennedy, Inc.401(k)

KRAFT & KENNEDY, INC. 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Kraft & Kennedy, Inc. reported $35,368 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $3,416 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 fell from 0.21% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,492nd-largest of 5,648 plans among New York employers on file, and the 5,462nd of 11,654 in professional & technical services. In 2024, employees put in $2.52 for every $1.00 the employer contributed; active participation has grown from 110 to 146 since 2022.

Plan summary
Net assets, end of year$20,509,168
Participants with balances161
Active participants146
Employer contributions$498,756
Employee contributions$1,256,508
Employer contribution per active participant$3,416
Average account balance$127,386
Benefits paid to participants$295,161
Plan auditUnmodified (clean) audit opinion
AuditorPHILLIPS GOLD AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 161 accts · $499K emplr
2023$16.5M · 163 accts · $391K emplr
2022$12.9M · 133 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,642
Investment management$3,676
Audit (IQPA)$24,500
Trustee / custodial$550
Total administrative$35,368
The Kraft & Kennedy, Inc. 401(k) match · 2024
Employer contribution per active participant$3,416
Median for plans this size$2,416
2024$3,416 per active participant
2023$2,791 per active participant
2022$2,994 per active participant

Kraft & Kennedy, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$6,642
PHILLIPS GOLD AND COMPANY LLP · Accounting / audit$24,500

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$35,368 · 0.19%
2023$31,994 · 0.22%
2022$29,857 · 0.21%
Similar plansProfessional & Technical Services · New York
Berlin Rosen LTD. NY$21.0M · 0.20%
Contentsquare NY$21.0M · 0.17%
Sisense, Inc. NY$20.4M · 0.52%
M & J Engineering, P.C. NY$20.2M · 0.24%
Softheon, Inc. NY$20.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800610191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.