Kyb Americas Corporation 401(k) Review & Grade
Kyb Americas Corporation 401(k) Plan
Franklin, INManufacturing745 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,238Employer $ per active participant
$4,125Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$51.1MNet plan assets, end of year
$58,944Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 49th |
| Employee saving | 38th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($91,384 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Kyb Americas put in about $2,238 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,667,522 |
| Participant (employee) contributions | $3,073,241 |
| Other contributions (incl. rollovers in) | $99,543 |
| Administrative expenses paid from the plan | $117,171 |
| Investment advisory & management fees | $85,548 |
| Benefits paid out | $6,480,129 |
| Net assets, start / end of year | $47.2M / $51.1M |
| Active participants, start / end of year | 760 / 730 |
| Participants with account balances | 867 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| LPL Financial | $70,048 reported compensation |
| Adp, Inc. | $31,623 reported compensation |
| Sikich Capital Management, LLC | $15,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015053746NAL0002005267001, received 2025-10-15, EIN 35-2141045, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.