Plan Ledger DOL Form 5500 · updated monthly

Tessenderlo Kerley, Inc.401(k)

TESSENDERLO KERLEY, INC. 401(K) PLAN AND TRUST · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Tessenderlo Kerley, Inc. reported $5,870 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,987 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 0.00% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 121st-largest of 1,285 plans among Arizona employers on file, and the 1,965th of 13,661 in manufacturing. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$96,441,613
Participants with balances566
Active participants459
Employer contributions$3,665,822
Employee contributions$3,535,212
Employer contribution per active participant$7,987
Average account balance$170,392
Benefits paid to participants$12,280,652
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$96.4M · 566 accts · $3.7M emplr
2023$90.5M · 563 accts · $3.6M emplr
2022$82.4M · 542 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,725
Total administrative$5,870
The Tessenderlo Kerley, Inc. 401(k) match · 2024
Employer contribution per active participant$7,987
Median for plans this size$3,635
2024$7,987 per active participant
2023$7,171 per active participant
2022$7,408 per active participant

Tessenderlo Kerley, 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

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$5,870 · 0.01%
2023$4,990 · 0.01%
2022$4,175 · 0.00%
Same employer
Similar plansManufacturing · Arizona
Asm America, Inc. AZ$180.5M · 0.09%
Sunstate Equipment Co., LLC AZ$164.0M · 0.19%
Sumco Phoenix Corporation AZ$160.1M · 0.12%
Nammo Incorporated AZ$72.5M · 0.27%
Universal Electronics, Inc. AZ$68.0M · 0.16%
Tsmc Arizona Corporation AZ$62.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860566930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.