Kirby-Smith Machinery, Inc. 401(k) Review & Grade
Kirby-Smith Machinery, Inc. 401(k) Profit Sharing Plan
Oklahoma City, OKConstruction767 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,672Employer $ per active participant
$6,756Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$56.3MNet plan assets, end of year
$72,539Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 67th |
| Employee saving | 81th |
| 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
- Kirby-Smith Machinery put in about $2,672 per active participant, more than the typical peer ($1,672). 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 | $2,049,411 |
| Participant (employee) contributions | $5,181,859 |
| Other contributions (incl. rollovers in) | $555,922 |
| Administrative expenses paid from the plan | $68,082 |
| Contract administrator fees | $68,082 |
| Benefits paid out | $4,672,224 |
| Net assets, start / end of year | $46.8M / $56.3M |
| Active participants, start / end of year | 753 / 781 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $108,097 reported compensation |
| Capfinancial Partners, LLC | $19,120 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819092112NAL0002065889001, received 2025-08-19, EIN 73-1119892, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.