Department of Labor filing

KANEQUIP, INC.

KANEQUIP, INC. PROFIT SHARING PLAN AND TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 22, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

78filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$2,997

Reported employer contributions per active participant.

Higher than about 73% of comparable plans

#People in the filing

305

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$24 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 90% of comparable plans

↗Investment performance

Not available

Plan assets changed 18.8%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202478out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions73rd percentileTypical peer $2,059 · based on 1,266 comparable plans

Lower reported administrative expense90th percentileTypical peer $195 · based on 1,288 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, KANEQUIP, INC. reported $914,212 in employer contributions across the plan and 305 active participants. That works out to $2,997 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy85%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 39.7%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 31.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context78/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $914,212
Participant contributions: $1,476,004
Other contributions: $296,551
Employer share of reported contributions: 38.2%
Beginning assets: $27,920,162
Ending assets: $33,158,813
Ending net assets: $33,158,813
Ending liabilities: $0
Total income: $6,823,372
Total expenses: $1,584,721
Administrative expenses: $8,291
Participant loans: $313,779

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$4,971

2023

$4,836

2024

$2,997

Plan-paid administrative expenses per participant

2022

$35

2023

$28

2024

$24

Active participants

2022

279

2023

301

2024

305

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,997	305	33.2M	20250922110500NAL0006609619001
2023	$4,836	301	27.9M	20240926150028NAL0000467843001
2022	$4,971	279	22.1M	20230915113229NAL0015210691001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 431845273-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 1, 1999
Industry: Wholesale trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
3D2E2F2G2J2K2T2R

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20250922110500NAL0006609619001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗