Plan Ledger DOL Form 5500 · updated monthly

Kibo Software, Inc.401(k)

KIBO SOFTWARE 401K PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Kibo Software, Inc. reported $54,806 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,066 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 0.26% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 1,841st-largest of 5,688 plans among Texas employers on file, and the 937th of 3,341 in other services. In 2023, employees put in $4.51 for every $1.00 the employer contributed; active participation has shrunk from 152 to 80 since 2022.

Plan summary
Net assets, end of year$23,083,360
Participants with balances464
Active participants80
Employer contributions$245,247
Employee contributions$1,104,977
Employer contribution per active participant$3,066
Average account balance$49,749
Benefits paid to participants$4,099,630
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 285 accts · $113K emplr
2023$23.1M · 464 accts · $245K emplr
2022$21.9M · 434 accts · $549K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,806
Total administrative$54,806
The Kibo Software, Inc. 401(k) match · 2023
Employer contribution per active participant$3,066
Median for plans this size$2,440
2024$1,552 per active participant
2023$3,066 per active participant
2022$3,609 per active participant

Kibo Software, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,806

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$44,655 · 0.22%
2023$54,806 · 0.24%
2022$60,343 · 0.26%
Same employer
Similar plansOther Services · Texas
Dyopath LLC TX$24.6M · 0.22%
Arnold Ventures LLC TX$24.4M · 0.02%
Liberty Lift Solutions LLC TX$22.7M · 0.26%
Sport Clips, Inc. TX$21.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810788718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.