Plan Ledger DOL Form 5500 · updated monthly

Kimbel Mechanical Systems, Inc.401(k)

KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN · FAYETTEVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Kimbel Mechanical Systems, Inc. reported $147,461 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $584 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 0.47% to 0.77%. 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 144th-largest of 456 plans among Arkansas employers on file, and the 1,966th of 5,337 in construction. In 2024, employees put in $3.15 for every $1.00 the employer contributed; active participation has grown from 519 to 1,275 since 2022.

Plan summary
Net assets, end of year$20,831,974
Participants with balances711
Active participants1,275
Employer contributions$744,307
Employee contributions$2,343,538
Employer contribution per active participant$584
Average account balance$29,300
Benefits paid to participants$2,326,078
Plan auditUnmodified (clean) audit opinion
AuditorCONNER ASH PC
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 711 accts · $744K emplr
2023$17.6M · 622 accts · $596K emplr
2022$14.0M · 768 accts · $764K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,294
Investment management$4,817
Total administrative$147,461
The Kimbel Mechanical Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$584
Median for plans this size$2,416
2024$584 per active participant
2023$508 per active participant
2022$1,473 per active participant

Kimbel Mechanical Systems, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
VOYA RETIRMENT ADISORS, LLC · Investment advisory (participants)$4,074
RAYMOND JAMES FINANCIAL SERVICESindirect comp

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$147,461 · 0.77%
2023$129,685 · 0.82%
2022$67,479 · 0.47%
Same employer
Similar plansConstruction · Arkansas
The Systems Group AR$23.6M · 0.11%
Clark Contractors, LLC. AR$22.9M · 0.25%
The Systems Group AR$21.4M · 0.13%
Powers of Arkansas, Inc. AR$15.3M · 0.30%
Harness Roofing, Inc. AR$15.1M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621703316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.