Kldiscovery Holdings Inc. 401(k) Review & Grade
Kldiscovery Ontrack, LLC 401(k) Plan
Eden Prairie, MNProfessional, Scientific & Technical Services2,184 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,625Employer $ per active participant
$4,197Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$125.9MNet plan assets, end of year
$96,594Average balance per account
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 76th |
| Employee saving | 21th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,270 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kldiscovery Holdings put in about $1,625 per active participant, below the typical peer ($3,082). 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.
- 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 | $3,549,019 |
| Participant (employee) contributions | $9,168,741 |
| Other contributions (incl. rollovers in) | $503,969 |
| Administrative expenses paid from the plan | $107,248 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $8,486,045 |
| Net assets, start / end of year | $107.1M / $125.9M |
| Active participants, start / end of year | 2,069 / 2,300 |
| Participants with account balances | 1,303 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $72,248 reported compensation |
| Creative Planning LLC | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102743NAL0001233891001, received 2025-10-14, EIN 81-0787151, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.