Plan Ledger DOL Form 5500 · updated monthly

Black & Veatch Holding Company401(k) + ESOP (KSOP)

BLACK & VEATCH RETIREMENT PROGRAM · OVERLAND PARK, KS · plan year 2023

Reported admin expense ratio · 2023
0.07%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Black & Veatch Holding Company reported $1,690,273 in plan administrative expenses for 2023: 0.07% of average plan assets, above the peer median. Employer contributions averaged $15,427 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.067%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other professional & technical services employers. By assets it is the 5th-largest of 828 plans among Kansas employers on file, and the 54th of 11,654 in professional & technical services. In 2023, the employer put in $1.29 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,732,675,203
Participants with balances10,328
Active participants7,191
Employer contributions$110,936,116
Employee contributions$86,215,491
Employer contribution per active participant$15,427
Average account balance$264,589
Benefits paid to participants$128,127,211
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.7B · 10,328 accts · $110.9M emplr
2022$2.3B · 9,433 accts · $66.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$661,231
Investment management$1,029,042
Total administrative$1,690,273
The Black & Veatch Holding Company 401(k) match · 2023
Employer contribution per active participant$15,427
Median for plans this size$5,237
2023$15,427 per active participant
2022$9,760 per active participant

Black & Veatch Holding Company's 2023 employer contribution ran above the $5,237 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202312
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$473,288
KWMG LLC · Investment advisory (participants)$626,966
GREATBANC TRUST COMPANY · Investment management$147,000
CREATIVE PLANNING LLC · Investment advisory (participants) · Investment management$87,614
CREATIVE PLANNING HOLDCO LLC · Investment management$51,938
PICKETT CHANEY & MCMULLEN LLP · Accounting / audit$24,950
GLASS LAKES CAPITAL MANAGEMENT · Investment advisory (participants)$24,307
MORNINGSTAR INVESTMENT SERVICE · Investment advisory (participants)$22,118
STEELPEAK WEALTH LLC · Investment advisory (participants)$21,125
FISHER INVESTMENTS · Investment advisory (participants)$20,880
OPTIMA CAPITAL MANAGEMENT LLC · Investment advisory (participants)$19,075
DYNAMIC WEALTH ADVISORS · Investment advisory (participants)$17,601

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$1,690,273 · 0.07%
2022$1,647,550 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Kansas
Bvh, Inc. KS$3.0B · 0.07%
Dxc Technology Company VA$2.8B · 0.05%
General Atomics CA$2.8B · 0.06%
Synopsys, Inc. CA$2.7B · 0.03%
Ntt Data Americas, Inc. TX$2.7B · 0.08%
Kirkland & Ellis LLP IL$2.7B · 0.03%
Workday, Inc. CA$2.6B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431603954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.