Plan Ledger DOL Form 5500 · updated monthly

Kvh Industries, Inc.401(k)

KVH INDUSTRIES, INC. 401(K) PLAN · MIDDLETOWN, RI · plan year 2022

Reported admin expense ratio · 2022
0.24%

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

Kvh Industries, Inc. reported $119,960 in plan administrative expenses for 2022: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,153 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 0.24% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 75th-largest of 286 plans among Rhode Island employers on file, and the 3,516th of 13,661 in manufacturing. In 2022, employees put in $3.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,758,579
Participants with balances367
Active participants189
Employer contributions$595,836
Employee contributions$2,271,841
Employer contribution per active participant$3,153
Average account balance$116,508
Benefits paid to participants$9,316,697
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA MILONE & LASARACINA L
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 260 accts · $353K emplr
2023$41.7M · 312 accts · $416K emplr
2022$42.8M · 367 accts · $596K emplr
The Kvh Industries, Inc. 401(k) match · 2022
Employer contribution per active participant$3,153
Median for plans this size$3,449
2024$3,365 per active participant
2023$2,349 per active participant
2022$3,153 per active participant

Kvh Industries, Inc.'s 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024ADP, FIRST REPUBLIC INVESTMENT MANAGEMEN
2023ADP, FIRST REPUBLIC INVESTMENT MANAGEMEN

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Administrative cost history3
2024$87,674 · 0.21%
2023$106,007 · 0.25%
2022$119,960 · 0.24%
Same employer
Similar plansManufacturing · Rhode Island
Quantic Electronics, LLC RI$62.9M · 0.15%
The Moore Company RI$50.3M · 0.03%
Talaria Company, LLC RI$49.4M · 0.07%
Astronova, Inc. RI$44.4M · 0.13%
Senvias, Inc. RI$30.2M · 0.62%
Mahr Inc. RI$29.1M · 0.01%
Greystone of Lincoln Inc RI$27.9M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050420589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.