401(k) · DOL Form 5500 · 2024

Kenect, LLC 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets: 216
Participants Below avg headcount: 32nd
Percentile by assets National rank: $11,631
Avg per participant Low balance/head

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Official DOL plan name: Kenect Retirement Plan · Sponsored by Kenect, LLC · Utah · Manufacturing

$3M in assets, 216 participants

Kenect, LLC's Kenect Retirement Plan reported $3M in total assets and 216 participants in its 2024 DOL Form 5500 filing, ranking in the 32nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

#2,828 in Manufacturing (17,777 peers)

Coverage in Utah

Kenect Retirement Plan covers 216 participants in Utah, about 37% of the average Utah filer (state average ~592 per filing). Assets: $3M.

#2,828
in Manufacturing (17,777 peers): +45.9%
assets growth YoY

Kenect Retirement Plan among the smaller filed plans by assets

Kenect Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,512,253 32nd percentile higher than 32% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Kenect Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kenect Retirement Plan sits mid-pack in the medium band (216 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Kenect Retirement Plan reported net income rose from $187K in the plan year 2022 filing to $790K in the plan year 2024 filing.
Kenect Retirement Plan end-of-year assets rose from $635K in the plan year 2022 filing to $3M in the plan year 2024 filing.
Kenect Retirement Plan reported participants rose from 106 in the plan year 2022 filing to 216 in the plan year 2024 filing.

See the national 2022→2024 release diff →

Plan-year Form 5500 strip

Filing strip 821997153 · Kenect, LLC PY 2024 · 401(k)

Kenect Retirement Plan · $3M · 216 · 32nd

VS-ST $3M
VS-ST 216
VS-ST 32nd
VS-ST 401(k)
VS-ST near Wave Dental Professionals 401(k) Plan
VS-ST ind #2828

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Utah →

End-of-year total assets ($M) among Kenect Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utah filing particulars

Total Assets (Beginning of Year)	$2M
Net Assets (End of Year)	$3M
Net Income	$790K
Employer EIN	821997153
Plan Effective Date	2014-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Kenect, LLC)

Latest sponsor-wide plan assets: $3M 295.85731033222197% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	106	$635K
2024	1	216	$3M

Nearby 401(k) Plans in Utah

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Kenect Retirement Plan vs. nearby 401(k) plans in Utah, assets vs. participants

Intermountain Health 401(k) Plan $6.8B · 68,360
Deseret 401(k) Plan $6.1B · 25,301
Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.9B · 9,972
Skywest, Inc. Employees' Retirement Plan $1.4B · 14,259
Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $687M · 1,926

Compare Kenect Retirement Plan side-by-side with 3 peers →

Kenect Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Wave Dental Professionals 401(k) Plan in MI ($3M); by covered participants it is Garden of Life 401(k) Plan in FL (216 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3M here).

Wave Dental Professionals 401(k) Plan (MI) $3M · N/A
Tuladhar Educational Services, Inc. Retirement Plan (NJ) $3M · 15
Harbor Financial Management, LLC 401(k) Profit Sharing Plan (NY) $3M · 10
Mid-Michigan Industries, Inc. 401(k) Profit Sharing Plan (MI) $3M · 119

Similar participant headcount

Nearest other-state filings by covered participants (216 participants); asset peers above are excluded.

Garden of Life 401(k) Plan (FL) 216 · 0 off
West Tennessee Bone & Joint Clinic, P.C. Profit Sharing Plan (TN) 216 · 0 off
Indtai, Inc. 401(k) Plan (FL) 216 · 0 off
Whalley Computer Associates, Inc. 401(k) Plan (MA) 216 · 0 off

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Kenect Retirement Plan assets move in 2024? ▼

Kenect Retirement Plan surged - up 45.9% during 2024, from $2M to $3M. Reported net income was $790K.

How have Kenect, LLC plan assets changed over time? ▼

Across 2 plan years on file (2022-2024), Kenect, LLC's sponsor-wide assets grew 295.9%, from $635K to $3M.

Which 401(k) plans are similar in size to Kenect Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Wave Dental Professionals 401(k) Plan in MI ($3M, N/A participants).

Which 401(k) plans cover a similar participant headcount to Kenect Retirement Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Garden of Life 401(k) Plan in FL (216 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 821997153.