Kirby Risk Corporation 401(k) Review & Grade
Kirby Risk Corporation Retirement Plan
Lafayette, INManufacturing1,410 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,819Employer $ per active participant
$2,855Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$129.4MNet plan assets, end of year
$88,244Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 67th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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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
- Kirby Risk put in about $2,819 per active participant, more than the typical peer ($2,320). 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.
- 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 | $3,975,058 |
| Participant (employee) contributions | $4,025,949 |
| Other contributions (incl. rollovers in) | $196,262 |
| Administrative expenses paid from the plan | $159,499 |
| Contract administrator fees | $60,236 |
| Investment advisory & management fees | $99,263 |
| Benefits paid out | $9,429,831 |
| Net assets, start / end of year | $117.8M / $129.4M |
| Active participants, start / end of year | 1,555 / 1,265 |
| Participants with account balances | 1,466 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $99,263 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014155503NAL0003330881001, received 2025-10-14, EIN 35-0805247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.