Plan Ledger DOL Form 5500 · updated monthly

M. B. Kahn Construction Co., Inc.401(k)

M. B. KAHN CONSTRUCTION CO., INC. PROFIT SHARING AND 401(K) SAVINGS PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

M. B. Kahn Construction Co., Inc. reported $58,355 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,238 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 0.07% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 61st-largest of 807 plans among South Carolina employers on file, and the 628th of 5,337 in construction. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$97,085,784
Participants with balances378
Active participants267
Employer contributions$2,733,560
Employee contributions$2,198,402
Employer contribution per active participant$10,238
Average account balance$256,841
Benefits paid to participants$7,100,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$97.1M · 378 accts · $2.7M emplr
2023$89.8M · 354 accts · $2.3M emplr
2022$82.7M · 349 accts · $1.9M emplr
The M. B. Kahn Construction Co., Inc. 401(k) match · 2024
Employer contribution per active participant$10,238
Median for plans this size$3,635
2024$10,238 per active participant
2023$9,114 per active participant
2022$7,767 per active participant

M. B. Kahn Construction Co., Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20241
AMERITAS LIFE INSURANCE CORP · Recordkeeping$225

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$58,355 · 0.06%
2023$59,210 · 0.07%
2022$58,816 · 0.07%
Same employer
Similar plansConstruction · South Carolina
J.H. Findorff & Son Inc. WI$97.4M · 0.22%
O'Neil Industries, Inc. IL$96.8M · 0.15%
Agc of South Dakota SD$96.0M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570347524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.