KPH Healthcare Services, Inc. 401(k) Review & Grade
KPH Healthcare Services, Inc. Employee Stock Ownership and 401k Plan
Gouverneur, NYRetail Trade3,893 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,549Employer $ per active participant
$3,228Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$710.4MNet plan assets, end of year
$203,387Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 72th |
| Employee saving | 68th |
| Peers that auto-enroll | 42% |
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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
- KPH Healthcare Services put in about $2,549 per active participant, more than the typical peer ($650). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $9,924,465 |
| Participant (employee) contributions | $12,565,262 |
| Other contributions (incl. rollovers in) | $2,136,494 |
| Administrative expenses paid from the plan | $436,160 |
| Contract administrator fees | $406,164 |
| Investment advisory & management fees | $29,996 |
| Benefits paid out | $64,139,637 |
| Net assets, start / end of year | $696.6M / $710.4M |
| Active participants, start / end of year | 3,900 / 3,886 |
| Participants with account balances | 3,493 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dannible & Mckee, LLP |
| Employer stock held by plan | $485,675,103 |
Largest service providers (Schedule C)
| Benefit Plans Admin Services, Inc. | $406,164 reported compensation |
| Shepherd Kaplan LLC | $29,996 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002095738NAL0000232803001, received 2025-10-02, EIN 15-0358720, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.