Kemper Sports Management, Inc. 401(k) Review & Grade
Kemper Sports Management Employees' Profit-Sharing Plan
Northbrook, ILProfessional, Scientific & Technical Services3,326 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$223Employer $ per active participant
$1,163Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$48.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score3 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 20th |
| Employee saving | 10th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($13,610 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $226,304 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kemper Sports Management put in about $223 per active participant, below the typical peer ($2,951). 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 (0.33% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $743,018 |
| Participant (employee) contributions | $3,868,665 |
| Other contributions (incl. rollovers in) | $915,184 |
| Administrative expenses paid from the plan | $153,121 |
| Contract administrator fees | $134,761 |
| Other admin expenses | $18,360 |
| Benefits paid out | $6,488,275 |
| Net assets, start / end of year | $43.9M / $48.6M |
| Active participants, start / end of year | 3,271 / 3,380 |
| Participants with account balances | 1,080 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $134,761 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $40,572 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160100NAL0004394771001, received 2025-10-10, EIN 36-2965951, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.