Kellermeyer Bergensons Services, LLC 401(k) Review & Grade
Kellermeyer Bergensons Services Savings & Protection Plan
Oceanside, CAAdministrative, Support & Staffing Services23,079 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$17Employer $ per active participant
$114Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 4th |
| Employee saving | 3th |
| Peers that auto-enroll | 36% |
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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 ($31,407 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
- Kellermeyer Bergensons Services put in about $17 per active participant, below the typical peer ($271). 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 (0.46% of assets) are well above similar-size plans (0.09%). 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 | $400,485 |
| Participant (employee) contributions | $2,635,732 |
| Other contributions (incl. rollovers in) | $1,087,459 |
| Administrative expenses paid from the plan | $103,061 |
| Contract administrator fees | $103,061 |
| Benefits paid out | $3,800,280 |
| Net assets, start / end of year | $20.8M / $23.7M |
| Active participants, start / end of year | 24,276 / 21,882 |
| Participants with account balances | 942 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Silicon Valley Accountancy Corp. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $103,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131354NAL0006368976001, received 2025-10-15, EIN 36-4431179, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.