Plan Ledger DOL Form 5500 · updated monthly

Kirby Risk Corporation401(k)

KIRBY RISK CORPORATION RETIREMENT PLAN · LAFAYETTE, IN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Kirby Risk Corporation reported $159,499 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,142 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 0.12% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 113th-largest of 1,562 plans among Indiana employers on file, and the 1,573rd of 13,661 in manufacturing. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has grown from 1,089 to 1,265 since 2022.

Plan summary
Net assets, end of year$129,366,392
Participants with balances1,466
Active participants1,265
Employer contributions$3,975,058
Employee contributions$4,025,949
Employer contribution per active participant$3,142
Average account balance$88,244
Benefits paid to participants$9,429,831
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$129.4M · 1,466 accts · $4.0M emplr
2023$117.8M · 1,328 accts · $3.7M emplr
2022$103.6M · 1,187 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,236
Investment management$99,263
Total administrative$159,499
The Kirby Risk Corporation 401(k) match · 2024
Employer contribution per active participant$3,142
Median for plans this size$3,635
2024$3,142 per active participant
2023$3,056 per active participant
2022$2,986 per active participant

Kirby Risk Corporation's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
EMPOWER ADVISORY GROUP, LLC · Investment management$99,263

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$159,499 · 0.13%
2023$133,253 · 0.12%
2022$130,407 · 0.12%
Same employer
Similar plansManufacturing · Indiana
Major Tool & Machine, Inc. IN$151.9M · 0.13%
Am General LLC IN$131.1M · 0.07%
Steel Warehouse Company LLC IN$128.1M · 0.36%
Forest River, Inc. IN$126.3M · 0.25%
Haynes International, Inc. IN$123.3M · 0.18%
Braun Corporation IN$122.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350805247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.