Kinross Gold U.S.A., Inc 401(k) Review & Grade
Kinross Gold Retirement Plan
Denver, COMining, Oil & Gas2,070 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,087Employer $ per active participant
$8,686Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$407.6MNet plan assets, end of year
$149,894Average balance per account
Score breakdown
- Employer generosity41.4 / 5083th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 84th |
| Employee saving | 64th |
| Peers that auto-enroll | 60% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Kinross Gold U.S.A. put in about $10,087 per active participant, more than the typical peer ($4,357). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $20,880,433 |
| Participant (employee) contributions | $17,980,046 |
| Other contributions (incl. rollovers in) | $1,884,407 |
| Administrative expenses paid from the plan | $238,461 |
| Contract administrator fees | $238,461 |
| Benefits paid out | $53,926,303 |
| Net assets, start / end of year | $377.9M / $407.6M |
| Active participants, start / end of year | 2,063 / 2,077 |
| Participants with account balances | 2,719 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $238,460 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930171104NAL0005607891001, received 2025-09-30, EIN 87-0364965, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.