Kiss Nail Products, Inc. 401(k) Review & Grade
Kiss Nail Products 401(k) Plan
Port Washington, NYWholesale Trade520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,620Employer $ per active participant
$7,439Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$56.7MNet plan assets, end of year
$103,742Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 30th |
| Employee saving | 83th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Kiss Nail Products put in about $3,620 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.40% of assets) are well above similar-size plans (0.23%). 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 | $1,884,334 |
| Participant (employee) contributions | $3,872,070 |
| Other contributions (incl. rollovers in) | $83,696 |
| Administrative expenses paid from the plan | $203,496 |
| Investment advisory & management fees | $40,901 |
| Benefits paid out | $3,359,468 |
| Net assets, start / end of year | $44.6M / $56.7M |
| Active participants, start / end of year | 647 / 394 |
| Participants with account balances | 547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boris Benic & Associates LLP |
Largest service providers (Schedule C)
| Dla Piper LLP US | $51,497 reported compensation |
| Morgan Stanley | $40,901 reported compensation |
| Empower Life & Annuity Insurance Co | $13,702 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251107100022NAL0000790144001, received 2025-11-07, EIN 11-3072607, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.