Kenan Advantage Group, Inc. 401(k) Review & Grade
The Kenan Advantage Group, Inc. 401(k) Plan
North Canton, OHTransportation & Warehousing6,796 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$866Employer $ per active participant
$2,935Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$277.9MNet plan assets, end of year
$67,745Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 39th |
| Employee saving | 32th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Kenan Advantage Group put in about $866 per active participant, below the typical peer ($1,834). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,884,099 |
| Participant (employee) contributions | $19,945,966 |
| Other contributions (incl. rollovers in) | $2,110,493 |
| Administrative expenses paid from the plan | $481,841 |
| Contract administrator fees | $392,002 |
| Investment advisory & management fees | $68,289 |
| Benefits paid out | $42,902,876 |
| Net assets, start / end of year | $260.9M / $277.9M |
| Active participants, start / end of year | 6,875 / 6,717 |
| Participants with account balances | 4,102 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | 415 Group |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $392,001 reported compensation |
| Aon Investments USA Inc | $63,289 reported compensation |
| 415 Group | $26,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003123756NAL0000806803001, received 2025-10-03, EIN 34-1950439, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.