Kla Corporation 401(k) Review & Grade
Kla 401(k) Plan
Milpitas, CAManufacturing6,136 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,483Employer $ per active participant
$14,467Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$318,026Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 90th |
| Employee saving | 95th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($10,876 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,594 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kla put in about $4,483 per active participant, more than the typical peer ($3,452). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $27,508,445 |
| Participant (employee) contributions | $88,774,519 |
| Other contributions (incl. rollovers in) | $8,270,989 |
| Administrative expenses paid from the plan | $589,749 |
| Investment advisory & management fees | $276,453 |
| Other admin expenses | $85,303 |
| Benefits paid out | $146,542,231 |
| Net assets, start / end of year | $1.8B / $2.1B |
| Active participants, start / end of year | 4,593 / 7,680 |
| Participants with account balances | 6,646 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $276,453 reported compensation |
| Fidelity Investments Institutional | $187,076 reported compensation |
| Sageview Advisory Group, LLC | $85,303 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820150009NAL0001659683001, received 2025-08-20, EIN 04-2564110, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.