The Krapf Bus Companies 401(k) Review & Grade
The Krapf Group 401(k) Plan
West Chester, PATransportation & Warehousing1,929 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$436Employer $ per active participant
$807Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 28th |
| Employee saving | 10th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $47,529 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Krapf Bus Companies put in about $436 per active participant, below the typical peer ($1,070). 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 (0.43% 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 | $840,620 |
| Participant (employee) contributions | $1,556,769 |
| Other contributions (incl. rollovers in) | $123,320 |
| Administrative expenses paid from the plan | $111,295 |
| Benefits paid out | $2,795,577 |
| Net assets, start / end of year | $24.5M / $26.9M |
| Active participants, start / end of year | 2,194 / 1,664 |
| Participants with account balances | 669 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $111,295 reported compensation |
| Axa Advisors, LLC | $25,803 reported compensation |
| Mid Atlantic Capital Corporation | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140132NAL0000686787002, received 2025-10-13, EIN 23-1689699, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.