Plan Ledger DOL Form 5500 · updated monthly

Kyocera Senco Industrial Tools, Inc.401(k)

KYOCERA SENCO INDUSTRIAL TOOLS, INC. SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Kyocera Senco Industrial Tools, Inc. reported $121,305 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,493 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 rose from 0.35% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 989th-largest of 3,295 plans among Ohio employers on file, and the 371st of 786 in management of companies. In 2024, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,518,979
Participants with balances425
Active participants358
Employer contributions$892,528
Employee contributions$1,554,724
Employer contribution per active participant$2,493
Average account balance$69,456
Benefits paid to participants$4,844,053
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 425 accts · $893K emplr
2023$28.4M · 446 accts · $834K emplr
2022$22.9M · 457 accts · $833K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,654
Investment management$59,651
Total administrative$121,305
The Kyocera Senco Industrial Tools, Inc. 401(k) match · 2024
Employer contribution per active participant$2,493
Median for plans this size$2,416
2024$2,493 per active participant
2023$2,253 per active participant
2022$2,148 per active participant

Kyocera Senco Industrial Tools, Inc.'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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$64,470
PLEXUS FINANCIAL SERVICES, LLC · Investment advisory (plan)$56,835

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$121,305 · 0.42%
2023$103,272 · 0.40%
2022$90,298 · 0.35%
Same employer
Similar plansManagement of Companies · Ohio
Tosoh America, Inc. OH$128.7M · 0.11%
The Cypress Companies, Inc. OH$52.3M · 0.31%
Jmac, Inc. OH$45.5M · 0.28%
Salo Inc. OH$27.5M · 0.31%
Guyan International, Inc. OH$20.1M · 0.58%
Dix 1898, Inc. OH$17.2M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270375987 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.