Plan Ledger DOL Form 5500 · updated monthly

Kval, Inc.401(k)

KVAL, INC. 401(K) AND PROFIT SHARING PLAN · PETALUMA, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Kval, Inc. reported $1,375 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,512 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 0.007% to 0.007%. 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 the 3,544th-largest of 9,483 plans among California employers on file, and the 5,804th of 13,661 in manufacturing. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has grown from 159 to 202 since 2022.

Plan summary
Net assets, end of year$20,678,099
Participants with balances154
Active participants202
Employer contributions$305,393
Employee contributions$753,762
Employer contribution per active participant$1,512
Average account balance$134,273
Benefits paid to participants$2,293,804
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE R MITCHELL & CO
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 154 accts · $305K emplr
2023$19.0M · 147 accts · $274K emplr
2022$15.9M · 133 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,375
Total administrative$1,375
The Kval, Inc. 401(k) match · 2024
Employer contribution per active participant$1,512
Median for plans this size$2,416
2024$1,512 per active participant
2023$1,549 per active participant
2022$1,676 per active participant

Kval, Inc.'s 2024 employer contribution ran below 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 · 20241
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$1,375

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$1,375 · 0.01%
2023$1,137 · 0.01%
2022$1,338 · 0.01%
Same employer
Similar plansManufacturing · California
Quinstar Technology, Inc. CA$21.0M · 0.01%
Tower Industries, Inc. CA$20.9M · 0.20%
Asc Process System, Inc. CA$20.8M · 0.02%
Lyten, Inc. CA$20.8M · 0.07%
Avita Medical Americas LLC CA$20.6M · 0.29%
Swat Fame, Inc. CA$20.5M · 0.25%
Jae Electronics, Inc. CA$20.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942232368 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.