K-Va-T-Food Stores, Inc. 401(k) Review & Grade
K-Va-T 401(k) Plan
Abingdon, VARetail Trade14,286 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$360Employer $ per active participant
$680Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$191.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.8 / 5020th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 21th |
| Employee saving | 11th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,335 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- K-Va-T-Food Stores put in about $360 per active participant, below the typical peer ($689). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.18% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,135,956 |
| Participant (employee) contributions | $9,707,332 |
| Other contributions (incl. rollovers in) | $2,217,731 |
| Administrative expenses paid from the plan | $319,259 |
| Contract administrator fees | $269,841 |
| Investment advisory & management fees | $49,418 |
| Benefits paid out | $15,100,196 |
| Net assets, start / end of year | $167.9M / $191.3M |
| Active participants, start / end of year | 13,995 / 14,576 |
| Participants with account balances | 4,498 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown, Edwards & Company, L.L.P. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $316,257 reported compensation |
| Capfinancial Partners | $49,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090049NAL0002135475001, received 2025-10-15, EIN 55-0421484, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.