Kenyon Companies, Inc. 401(k) Review & Grade
Kenyon Companies 401(k) Plan
Phoenix, AZConstruction1,375 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$649Employer $ per active participant
$1,272Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$35.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 49th |
| Employee saving | 11th |
| Peers that auto-enroll | 44% |
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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
- Kenyon Companies put in about $649 per active participant, below the typical peer ($1,672). 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.
- 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 | $892,904 |
| Participant (employee) contributions | $1,748,708 |
| Other contributions (incl. rollovers in) | $972 |
| Administrative expenses paid from the plan | $78,074 |
| Contract administrator fees | $31,824 |
| Investment advisory & management fees | $46,250 |
| Benefits paid out | $973,717 |
| Net assets, start / end of year | $30.4M / $35.7M |
| Active participants, start / end of year | 1,591 / 1,159 |
| Participants with account balances | 280 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| LPL Financial Rpcp | $37,951 reported compensation |
| The Vanguard Group, Inc. | $31,824 reported compensation |
| One Digital Investment Advisors | $8,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827154336NAL0005098243001, received 2025-08-27, EIN 74-2749796, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.