Plan Ledger DOL Form 5500 · updated monthly

L Kang Inc401(k)

L KANG INC 401(K) · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
1.20%

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

L Kang Inc reported $32,257 in plan administrative expenses for 2024: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $627 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 1.09% to 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Hawaii (230th of 269), and 12,286th of 13,661 in manufacturing. In 2024, employees put in $5.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,986,032
Participants with balances137
Active participants116
Employer contributions$72,728
Employee contributions$427,534
Employer contribution per active participant$627
Average account balance$21,796
Benefits paid to participants$74,527
Plan auditUnmodified (clean) audit opinion
AuditorVERITY CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 137 accts · $73K emplr
2023$2.4M · 144 accts · $74K emplr
2022$1.7M · 131 accts · $48K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,875
Investment management$29,382
Total administrative$32,257
The L Kang Inc 401(k) match · 2024
Employer contribution per active participant$627
Median for plans this size$1,313
2024$627 per active participant
2023$626 per active participant
2022$414 per active participant

L Kang Inc's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20243
HPM PARTNERS, LLC · Recordkeeping · Pension consulting$19,636
FISHER ASSET MANAGEMENT LLC · Recordkeeping · Trustee$7,354
ADP, INC. · Loan processing · Recordkeeping$5,266

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

Recordkeeper by year2
2024ADP, FISHER ASSET MANAGEMENT LLC, HPM PARTNERS, LLC
2023ADP, FISHER ASSET MANAGEMENT LLC

This plan has changed recordkeepers within these filings. If you left L Kang Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,257 · 1.20%
2023$24,312 · 1.19%
2022$19,320 · 1.09%
Similar plansManufacturing · Hawaii
Hpc Foods, LTD. HI$8.6M · 0.11%
Sun Noodle H and U, Inc. HI$6.4M · 1.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 990142967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.