KLJ Solutions Holding Co. 401(k) Review & Grade
KLJ Solutions Holding Co 401(k) Profit Sharing Plan
Bismarck, NDProfessional, Scientific & Technical Services551 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,736Employer $ per active participant
$6,800Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$86.8MNet plan assets, end of year
$93,953Average balance per account
Score breakdown
- Employer generosity15.2 / 5030th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 94th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,380 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- KLJ Solutions Holding put in about $1,736 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.
- 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 | $956,705 |
| Participant (employee) contributions | $3,746,602 |
| Other contributions (incl. rollovers in) | $1,028,092 |
| Administrative expenses paid from the plan | $22,456 |
| Investment advisory & management fees | $11,249 |
| Benefits paid out | $18,749,687 |
| Net assets, start / end of year | $87.2M / $86.8M |
| Active participants, start / end of year | 550 / 552 |
| Participants with account balances | 924 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $11,207 reported compensation |
| Empower Advisory Group, LLC | $6,608 reported compensation |
| Robert Mastel DBA RPM Advisors LLC | $4,641 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916135716NAL0001210867001, received 2025-09-16, EIN 26-2958560, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.