Kforce Inc. 401(k) Review & Grade
Kforce 401(k) Retirement Savings Plan
Tampa, FLProfessional, Scientific & Technical Services10,858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$167Employer $ per active participant
$2,400Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$282.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.0 / 5016th percentile for employer $ per participant
- Low cost7.4 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 30th |
| Employee saving | 19th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,344 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kforce put in about $167 per active participant, below the typical peer ($2,932). 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 (0.14% 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 | $1,817,919 |
| Participant (employee) contributions | $26,059,455 |
| Other contributions (incl. rollovers in) | $4,568,761 |
| Administrative expenses paid from the plan | $379,965 |
| Contract administrator fees | $48,750 |
| Investment advisory & management fees | $107,576 |
| Other admin expenses | $9,557 |
| Benefits paid out | $35,180,084 |
| Net assets, start / end of year | $250.3M / $282.8M |
| Active participants, start / end of year | 8,102 / 13,615 |
| Participants with account balances | 5,412 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett LLC |
| Employer stock held by plan | $4,365,866 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $234,714 reported compensation |
| Mma Securities LLC | $117,475 reported compensation |
| Warren Averett LLC | $20,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731085155NAL0005761601001, received 2025-07-31, EIN 59-3264661, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.