Plan Ledger DOL Form 5500 · updated monthly

Kontoor Brands, Inc.401(k) + ESOP (KSOP)

KONTOOR BRANDS 401(K) SAVINGS PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Kontoor Brands, Inc. reported $261,046 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $3,590 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 0.13% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 90th-largest of 2,005 plans among North Carolina employers on file, and the 871st of 13,661 in manufacturing. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$290,675,614
Participants with balances2,941
Active participants2,705
Employer contributions$9,710,420
Employee contributions$13,948,991
Employer contribution per active participant$3,590
Average account balance$98,836
Benefits paid to participants$31,072,819
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$290.7M · 2,941 accts · $9.7M emplr
2023$257.3M · 2,932 accts · $9.6M emplr
2022$220.0M · 2,884 accts · $9.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$171,645
Investment management$89,401
Total administrative$261,046
The Kontoor Brands, Inc. 401(k) match · 2024
Employer contribution per active participant$3,590
Median for plans this size$4,294
2024$3,590 per active participant
2023$3,535 per active participant
2022$3,321 per active participant

Kontoor Brands, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$171,645
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$89,401

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$261,046 · 0.10%
2023$257,976 · 0.11%
2022$304,667 · 0.13%
Same employer
Similar plansManufacturing · North Carolina
Enpro Inc. NC$373.1M · 0.09%
Clariant Corporation NC$329.9M · 0.08%
Morganite Industries Inc. NC$289.8M · 0.18%
Spx Flow, Inc. NC$273.0M · 0.03%
Extreme Networks, Inc. NC$272.2M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832680248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.