Plan Ledger DOL Form 5500 · updated monthly

Kbs, Inc.401(k)

KBS, INC. PROFIT SHARING PLAN AND TRUST · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Kbs, Inc. reported $111,909 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,133 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 1 year on file its reported administrative ratio fell from 0.42% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 675th-largest of 2,266 plans among Virginia employers on file, and the 1,412th of 5,337 in construction. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,716,613
Participants with balances128
Active participants117
Employer contributions$483,524
Employee contributions$982,183
Employer contribution per active participant$4,133
Average account balance$263,411
Benefits paid to participants$3,315,193
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 128 accts · $484K emplr
2023$31.1M · 133 accts · $457K emplr
2022$23.7M · 146 accts · $456K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,343
Investment management$49,904
Audit (IQPA)$12,000
Total administrative$111,909
The Kbs, Inc. 401(k) match · 2024
Employer contribution per active participant$4,133
Median for plans this size$2,416
2024$4,133 per active participant
2023$4,235 per active participant
2022$3,861 per active participant

Kbs, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$50,005
TRUIST ADVISORY SERVICES INC · Investment advisory (plan)$45,642
KEITER · Accounting / audit$12,000

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

Administrative cost history3
2024$111,909 · 0.35%
2023$114,152 · 0.42%
2022Not separately reported
Same employer
Similar plansConstruction · Virginia
Atlantic Constructors, Inc. VA$35.8M · 0.24%
United Air Temp VA$35.3M · 0.32%
Ahp Holding, Inc. VA$34.5M · 0.22%
Hourigan Construction Corp. VA$30.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541008617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.