Plan Ledger DOL Form 5500 · updated monthly

Kabco Builders, Inc.401(k)

KABCO BUILDERS, INC. 401(K) RETIREMENT PLAN · BOAZ, AL · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Kabco Builders, Inc. reported $3,247 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $305 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 fell from 0.20% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Alabama (673rd of 902), and 11,705th of 13,661 in manufacturing. In 2023, employees put in $4.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,059,416
Participants with balances115
Active participants174
Employer contributions$53,013
Employee contributions$256,215
Employer contribution per active participant$305
Average account balance$35,299
Benefits paid to participants$147,941
Plan auditUnmodified (clean) audit opinion
AuditorMDA PROFESSIONAL GROUP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 104 accts · $53K emplr
2023$4.1M · 115 accts · $53K emplr
2022$3.4M · 122 accts · $46K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,247
Total administrative$3,247
The Kabco Builders, Inc. 401(k) match · 2023
Employer contribution per active participant$305
Median for plans this size$1,308
2024$287 per active participant
2023$305 per active participant
2022$259 per active participant

Kabco Builders, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 · 20231
AMERICAN UNITED LIFE INSURANCE COMP · Loan processing · Recordkeeping$3,459

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,213 · 0.11%
2023$3,247 · 0.09%
2022$7,425 · 0.20%
Same employer
Similar plansManufacturing · Alabama
Thermalex, Inc. AL$4.5M · 0.77%
Sejong Alabama, LLC AL$4.4M · 0.14%
C & B Piping, Inc. AL$4.2M · 0.90%
Das North America, Inc. AL$3.8M · 2.04%
Mesker Mbm LP AL$3.6M · 1.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710943618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.