Plan Ledger DOL Form 5500 · updated monthly

Kurita America Inc.401(k)

KURITA AMERICA INC. RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Kurita America Inc. reported $128,338 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,491 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 0.16% to 0.15%. 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 301st-largest of 1,918 plans among Minnesota employers on file, and the 2,025th of 13,661 in manufacturing. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$91,436,114
Participants with balances720
Active participants516
Employer contributions$2,317,303
Employee contributions$4,782,121
Employer contribution per active participant$4,491
Average account balance$126,995
Benefits paid to participants$11,173,968
Plan auditUnmodified (clean) audit opinion
AuditorHARRINGTON LANGER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$91.4M · 720 accts · $2.3M emplr
2023$82.2M · 704 accts · $2.2M emplr
2022$73.9M · 745 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,590
Investment management$30,748
Total administrative$128,338
The Kurita America Inc. 401(k) match · 2024
Employer contribution per active participant$4,491
Median for plans this size$3,635
2024$4,491 per active participant
2023$4,368 per active participant
2022$4,200 per active participant

Kurita America Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$30,728
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$20

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$128,338 · 0.15%
2023$134,179 · 0.17%
2022$125,795 · 0.16%
Same employer
Similar plansManufacturing · Minnesota
Sunopta Foods Inc. MN$98.7M · 0.28%
Revelyst, Inc. MN$94.7M · 0.00%
Satellite Industries, Inc. MN$91.9M · 0.04%
Tank Holding Corp. MN$86.7M · 0.15%
Acist Medical Systems, Inc. MN$86.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411255017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.