Plan Ledger DOL Form 5500 · updated monthly

M. J. Kellner CompanyESOP

KELLNER EMPLOYEE STOCK OWNERSHIP PLAN · SPRINGFIELD, IL · plan year 2024

Employer contribution per participant · 2024
$11,281

M. J. Kellner Company's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $25,592,837 across 120 participant accounts, with employer contributions averaging $11,281 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,467th-largest of 3,702 plans among Illinois employers on file, and the 1,549th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$25,592,837
Participants with balances120
Active participants91
Employer contributions$1,026,605
Employee contributions—
Employer contribution per active participant$11,281
Average account balance$213,274
Benefits paid to participants$839,593
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK & BRAECKEL
Plan history2
Yearassets · accounts · employer contribution
2024$25.6M · 120 accts · $1.0M emplr
2023$21.6M · 120 accts · $277K emplr
Employer contributions to the M. J. Kellner Company plan · 2024
Employer contribution per active participant$11,281
Median for plans this size$2,416
2024$11,281 per active participant
2023$3,108 per active participant

M. J. Kellner Company's 2024 employer contribution ran above the $2,416 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.

Administrative cost history2
2024Not separately reported
2023Not separately reported
Similar plansWholesale Trade · Illinois
Gerflor USA Inc IL$27.0M · 0.39%
Georgia Nut Company IL$26.1M · 0.21%
O'Brien Steel Service Co. IL$25.9M · 0.17%
Florstar Sales, Inc. IL$25.6M · 0.35%
Swiss Steel USA, Inc. IL$25.2M · 0.40%
Metal One America, Inc. IL$24.6M · 0.20%
Amtex Supply Holdings, Inc. IL$24.4M · 0.24%
Munchs Supply, LLC IL$24.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371256066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.