Plan Ledger DOL Form 5500 · updated monthly

Kwik Lok Corporation401(k)

KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST · YAKIMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Kwik Lok Corporation reported $32,413 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,610 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 3 years on file its reported administrative ratio has held roughly steady near 0.307%. 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 Washington (1,033rd of 1,714), and 8,488th of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,708,238
Participants with balances164
Active participants152
Employer contributions$396,754
Employee contributions$766,021
Employer contribution per active participant$2,610
Average account balance$65,294
Benefits paid to participants$1,540,161
Plan auditUnmodified (clean) audit opinion
AuditorALEGRIA & COMPANY, PS
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 164 accts · $397K emplr
2023$10.4M · 161 accts · $388K emplr
2022$9.7M · 147 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$439
Investment management$31,828
Trustee / custodial$146
Total administrative$32,413
The Kwik Lok Corporation 401(k) match · 2024
Employer contribution per active participant$2,610
Median for plans this size$2,416
2024$2,610 per active participant
2023$2,773 per active participant
2022$2,339 per active participant

Kwik Lok Corporation'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 · 20244
USI CONSULTING GROUP, INC. · Recordkeeping · Loan processing$439
USI ADVISORS · Investment advisory (participants) · Investment advisory (plan)$31,828
CHARLES SCHWAB TRUST BANK · Custodial · Custodial (securities)$146
CHARLES SCHWAB & CO., INC. · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$32,413 · 0.31%
2023$31,769 · 0.32%
2022$31,757 · 0.31%
Same employer
Similar plansManufacturing · Washington
Glowforge, Inc. WA$11.6M · 0.04%
Aptevo Therapeutic, Inc. WA$10.4M · 0.17%
Ben-Ko-Matic Co. WA$10.4M · 0.24%
Nautilus Subsidiary Inc. WA$10.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910616767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.