Kimbel Mechanical Systems, Inc. 401(k) Review & Grade
Kimbel Mechanical Systems, Inc. 401(k) Plan
Fayetteville, ARConstruction1,224 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$608Employer $ per active participant
$1,915Employee $ saved per active participant
0.77%Direct admin cost, % of plan assets
$20.8MNet plan assets, end of year
$29,300Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 11th |
| Employee saving | 21th |
| Peers that auto-enroll | 44% |
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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
- Kimbel Mechanical Systems put in about $608 per active participant, below the typical peer ($1,672). 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 (0.77% of assets) are well above similar-size plans (0.23%). 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 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 | $744,307 |
| Participant (employee) contributions | $2,343,538 |
| Other contributions (incl. rollovers in) | $58,656 |
| Administrative expenses paid from the plan | $147,461 |
| Contract administrator fees | $140,294 |
| Investment advisory & management fees | $4,817 |
| Other admin expenses | $2,350 |
| Benefits paid out | $2,326,078 |
| Net assets, start / end of year | $17.6M / $20.8M |
| Active participants, start / end of year | 1,173 / 1,275 |
| Participants with account balances | 711 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Conner Ash PC |
Largest service providers (Schedule C)
| Raymond James Financial Services | $58,297 reported compensation |
| Voya Retirment Adisors, LLC | $4,074 reported compensation |
| Voya Retirement Insruance | $426 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011144245NAL0005159491001, received 2025-10-11, EIN 62-1703316, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.