The Kendall Group, Inc. 401(k) Review & Grade
The Kendall Group, Inc. Profit Sharing Plan
Portage, MIWholesale Trade1,704 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,079Employer $ per active participant
$6,387Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$230.1MNet plan assets, end of year
$117,841Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 98th |
| Employee saving | 72th |
| Peers that auto-enroll | 53% |
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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
- Kendall Group put in about $1,079 per active participant, below the typical peer ($1,792). 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 | $1,839,053 |
| Participant (employee) contributions | $10,886,164 |
| Other contributions (incl. rollovers in) | $11,155,955 |
| Administrative expenses paid from the plan | $15,934 |
| Investment advisory & management fees | $66,742 |
| Benefits paid out | $40,378,717 |
| Net assets, start / end of year | $213.5M / $230.1M |
| Active participants, start / end of year | 1,660 / 1,749 |
| Participants with account balances | 1,953 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante and Moran, PLLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $66,742 reported compensation |
| Fidelity Investments Institutional | −$50,808 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917164904NAL0000763683001, received 2025-09-17, EIN 38-2023622, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.