KBP Brands, LLC 401(k) Review & Grade
KBP Brands 401(k) Plan
Leawood, KSAccommodation & Food Services8,670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$41Employer $ per active participant
$261Employee $ saved per active participant
1.11%Direct admin cost, % of plan assets
$18.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.8 / 5014th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 4th |
| Employee saving | 20th |
| Peers that auto-enroll | 15% |
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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 ($4,006 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $52,032 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- KBP Brands put in about $41 per active participant, below the typical peer ($244). 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 (1.11% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $358,473 |
| Participant (employee) contributions | $2,264,339 |
| Other contributions (incl. rollovers in) | $2,225,972 |
| Administrative expenses paid from the plan | $183,812 |
| Contract administrator fees | $133,375 |
| Investment advisory & management fees | $50,437 |
| Benefits paid out | $2,190,115 |
| Net assets, start / end of year | $14.4M / $18.7M |
| Active participants, start / end of year | 8,102 / 9,238 |
| Participants with account balances | 841 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett, Chaney & Mcmullen, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $133,375 reported compensation |
| Creative Planning, LLC | $50,452 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731115051NAL0005995025001, received 2025-07-31, EIN 82-5400542, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.