Kemper Corporation 401(k) Review & Grade
Kemper Corporation 401(k) Retirement Plan
Chicago, ILManagement of Companies7,571 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,888Employer $ per active participant
$5,594Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$887.5MNet plan assets, end of year
$77,766Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 75th |
| Employee saving | 32th |
| Peers that auto-enroll | 58% |
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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
- Kemper put in about $3,888 per active participant, more than the typical peer ($3,455). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $29,433,994 |
| Participant (employee) contributions | $42,355,661 |
| Other contributions (incl. rollovers in) | $4,583,547 |
| Administrative expenses paid from the plan | $483,731 |
| Contract administrator fees | $483,731 |
| Benefits paid out | $101,101,249 |
| Net assets, start / end of year | $807.3M / $887.5M |
| Active participants, start / end of year | 8,027 / 7,115 |
| Participants with account balances | 11,413 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $7,774,344 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $490,495 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825175407NAL0015831298001, received 2025-08-25, EIN 95-4255452, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.