Plan Ledger DOL Form 5500 · updated monthly

Kbs Builders, Inc401(k)

KBS BUILDERS, INC. 401(K) PLAN · SOUTH PARIS, ME · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Kbs Builders, Inc reported $9,868 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $273 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 rose from 0.42% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maine (322nd of 354), and 13,008th of 13,661 in manufacturing. In 2024, employees put in $5.04 for every $1.00 the employer contributed; active participation has shrunk from 158 to 116 since 2022.

Plan summary
Net assets, end of year$1,604,907
Participants with balances99
Active participants116
Employer contributions$31,615
Employee contributions$159,211
Employer contribution per active participant$273
Average account balance$16,211
Benefits paid to participants$33,553
Plan auditUnmodified (clean) audit opinion
AuditorDUFFY KRUSPODIN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 99 accts · $32K emplr
2023$1.1M · 101 accts · $33K emplr
2022$797K · 103 accts · $33K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,886
Investment management$6,982
Total administrative$9,868
The Kbs Builders, Inc 401(k) match · 2024
Employer contribution per active participant$273
Median for plans this size$1,313
2024$273 per active participant
2023$293 per active participant
2022$206 per active participant

Kbs Builders, Inc's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$2,886
RESOURCES INVESTMENT ADVISORS. · Investment advisory (plan)$6,000

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$9,868 · 0.73%
2023$1,722 · 0.18%
2022$3,363 · 0.42%
Similar plansManufacturing · Maine
Yale Cordage, Inc. ME$3.8M · 0.36%
Direct Mail of Maine Inc. ME$3.3M · 0.57%
Gvs North America, Inc. ME$2.0M · 0.09%
Labree's Bakery, Inc. ME$1.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465213161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.