Kyanite Mining Corporation401(k)
KYANITE MINING CORPORATION EMPLOYEES' 401(K) SAVINGS AND PROFIT SHARING PLAN · DILLWYN, VA · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Kyanite Mining Corporation reported $66,123 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $5,597 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 0.64% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 812th-largest of 2,266 plans among Virginia employers on file, and the 260th of 612 in mining, oil & gas extraction. In 2023, the employer put in $1.74 for every $1.00 employees contributed themselves.
Kyanite Mining Corporation's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 202599676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.