KIRBY FOODS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CHAMPAIGN, IL · plan year 2023
Employer contribution per participant · 2023
$3,069
Kirby Foods, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $48,685,575 across 503 participant accounts, with employer contributions averaging $3,069 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 937th-largest of 3,702 plans among Illinois employers on file, and the 663rd of 5,215 in retail trade.
Plan summary
Net assets, end of year$48,685,575
Participants with balances503
Active participants325
Employer contributions$997,326
Employee contributions—
Employer contribution per active participant$3,069
Average account balance$96,790
Benefits paid to participants$1,761,462
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LP
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 521 accts · $993K emplr
2023$48.7M · 503 accts · $997K emplr
2022$48.5M · 485 accts · $950K emplr
Employer contributions to the Kirby Foods, Inc. plan · 2023
Employer contribution per active participant$3,069
Median for plans this size$2,440
2024$2,911 per active participant
2023$3,069 per active participant
2022$2,924 per active participant
Kirby Foods, 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.
Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
KIRBY FOODS, INC. 401(K) PLAN401(k)
KIRBY FOODS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Source: U.S. Department of Labor, Form 5500 series, EIN 370756504 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.