Koch & Co., Inc. 401(k) Review & Grade
Koch & Co., Inc. 401(k) Plan
Seneca, KSManufacturing625 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,068Employer $ per active participant
$2,892Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$19.6MNet plan assets, end of year
$40,214Average balance per account
Score breakdown
- Employer generosity9.5 / 5019th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 18th |
| Employee saving | 22th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $31,834 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Koch & Co. put in about $1,068 per active participant, below the typical peer ($2,320). 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 (0.59% 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 | $667,585 |
| Participant (employee) contributions | $1,807,775 |
| Other contributions (incl. rollovers in) | $305,799 |
| Administrative expenses paid from the plan | $104,741 |
| Benefits paid out | $1,971,742 |
| Net assets, start / end of year | $16.2M / $19.6M |
| Active participants, start / end of year | 645 / 605 |
| Participants with account balances | 487 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Steve Connelly CPA Mba |
Largest service providers (Schedule C)
| Stifel Nicolaus | $58,605 reported compensation |
| Adp, Inc. | $46,136 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915050646NAL0000524227001, received 2025-09-15, EIN 48-1090100, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.