Plan Ledger DOL Form 5500 · updated monthly

Kuehne & Nagel Inc.401(k)

KUEHNE & NAGEL 401(K) PLAN · JERSEY CITY, NJ · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

Kuehne & Nagel Inc. reported $542,102 in plan administrative expenses for 2023: 0.12% of average plan assets, above the peer median. Employer contributions averaged $2,683 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 1 year on file its reported administrative ratio fell from 0.13% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other administrative & support services employers. By assets it is the 120th-largest of 2,419 plans among New Jersey employers on file, and the 40th of 2,534 in administrative & support services. In 2023, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$507,657,500
Participants with balances8,306
Active participants6,805
Employer contributions$18,255,868
Employee contributions$34,111,285
Employer contribution per active participant$2,683
Average account balance$61,119
Benefits paid to participants$53,165,823
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$507.7M · 8,306 accts · $18.3M emplr
2022$422.3M · 8,149 accts · $15.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$469,755
Investment management$49,595
Audit (IQPA)$19,500
Total administrative$542,102
The Kuehne & Nagel Inc. 401(k) match · 2023
Employer contribution per active participant$2,683
Median for plans this size$4,362
2023$2,683 per active participant
2022$2,114 per active participant

Kuehne & Nagel Inc.'s 2023 employer contribution ran below the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
T ROWE PRICE RPS INC · Recordkeeping · Trustee$469,805
FIDUCIENT ADVISORS · Investment advisory (plan)$28,739
CBIZ · Accounting / audit$18,500
FIDUCIARY INVESTMENT ADVISORS · Investment advisory (plan)$14,163
MORNINGSTAR · Investment advisory (participants)$6,694

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

Administrative cost history2
2023$542,102 · 0.12%
2022$607,540 · 0.13%
Same employer
Similar plansAdministrative & Support Services · New Jersey
Plan Professionals, LLC NJ$1.5B · 0.54%
Extensis Group, LLC NJ$682.1M · 0.25%
Artech LLC NJ$71.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132571986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.