Plan Ledger DOL Form 5500 · updated monthly

Kreg Enterprises, Inc., dba Kreg Tool Company401(k)

KREG ENTERPRISES, INC., DBA KREG TOOL COMPANY 401(K) PLAN · ANKENY, IA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Kreg Enterprises, Inc., dba Kreg Tool Company reported $81,816 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,421 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 0.65% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (494th of 878), and 7,180th of 13,661 in manufacturing. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has shrunk from 187 to 167 since 2022.

Plan summary
Net assets, end of year$14,687,333
Participants with balances218
Active participants167
Employer contributions$404,290
Employee contributions$1,233,618
Employer contribution per active participant$2,421
Average account balance$67,373
Benefits paid to participants$1,040,917
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 218 accts · $404K emplr
2023$12.2M · 230 accts
2022$10.0M · 245 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,816
Total administrative$81,816
The Kreg Enterprises, Inc., dba Kreg Tool Company 401(k) match · 2024
Employer contribution per active participant$2,421
Median for plans this size$2,416

Kreg Enterprises, Inc., dba Kreg Tool Company'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$81,815
MCGLADREY WEALTH MANAGEMENT LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$81,816 · 0.61%
2023$70,596 · 0.63%
2022$72,241 · 0.65%
All plans at this employer2
KREG ENTERPRISES, INC., DBA KREG TOOL COMPANY 401(K) PLAN401(k)
KREG ENTERPRISES, INC. DBA KREG TOOL COMPANY EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Iowa
Aml Riverside, LLC IA$15.0M · 0.40%
Sudenga Industries Inc IA$14.9M · 0.53%
Weiler, Inc. IA$14.6M · 0.62%
Groschopp, Inc. IA$13.6M · 0.41%
Mobotrex, Inc. IA$13.3M · 0.68%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 421367720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.