Keymark-Kasson & Keller, Inc. 401(k) Review & Grade
Keymark-Kasson & Keller Inc. 401k Plan
Fonda, NYManufacturing836 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,024Employer $ per active participant
$1,879Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$16.9MNet plan assets, end of year
$35,045Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 35th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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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
- Keymark-Kasson & Keller put in about $1,024 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $856,230 |
| Participant (employee) contributions | $1,571,149 |
| Other contributions (incl. rollovers in) | $23,112 |
| Administrative expenses paid from the plan | $53,200 |
| Investment advisory & management fees | $38,013 |
| Benefits paid out | $534,406 |
| Net assets, start / end of year | $13.2M / $16.9M |
| Active participants, start / end of year | 864 / 808 |
| Participants with account balances | 481 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Teal Becker & Chiaramonte |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $41,800 reported compensation |
| Adp, Inc. | $15,187 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002052853NAL0000162096001, received 2025-10-02, EIN 14-1490078, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.