Kent Moore Cabinets, LTD. 401(k) Review & Grade
Kent Moore Cabinets, LTD. 401(k) Profit Sharing Plan
Bryan, TXManufacturing630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$742Employer $ per active participant
$5,253Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$32.3MNet plan assets, end of year
$48,527Average balance per account
Score breakdown
- Employer generosity5.7 / 5011th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 46th |
| Employee saving | 55th |
| Peers that auto-enroll | 59% |
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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 ($31,088 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $116,952 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kent Moore Cabinets put in about $742 per active participant, below the typical peer ($2,320). 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.
- 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 | $466,984 |
| Participant (employee) contributions | $3,306,924 |
| Other contributions (incl. rollovers in) | $152,627 |
| Administrative expenses paid from the plan | $76,866 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $58,363 |
| Benefits paid out | $2,311,665 |
| Net assets, start / end of year | $26.6M / $32.3M |
| Active participants, start / end of year | 554 / 705 |
| Participants with account balances | 665 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thompson, Derig and Craig, P.C. |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $58,363 reported compensation |
| Fidelity Investments Institutional | $20,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010133645NAL0008237425001, received 2025-10-10, EIN 74-1904799, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.