Koch Enterprises, Inc. 401(k) Review & Grade
Koch Companies 401(k) Plan
Evansville, INManagement of Companies2,574 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,984Employer $ per active participant
$6,100Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$284.5MNet plan assets, end of year
$95,181Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 53th |
| Employee saving | 47th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $359 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Koch Enterprises put in about $2,984 per active participant, below the typical peer ($3,455). 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.
- 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 | $7,678,063 |
| Participant (employee) contributions | $15,698,800 |
| Other contributions (incl. rollovers in) | $3,052,067 |
| Administrative expenses paid from the plan | $305,282 |
| Investment advisory & management fees | $136,661 |
| Other admin expenses | $300 |
| Benefits paid out | $32,883,646 |
| Net assets, start / end of year | $251.6M / $284.5M |
| Active participants, start / end of year | 2,610 / 2,537 |
| Participants with account balances | 2,989 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harding Shymanski & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $168,321 reported compensation |
| Morgan Stanley | $103,714 reported compensation |
| Empower Advisory Group, LLC | $32,947 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627143633NAL0014228752001, received 2025-06-27, EIN 35-0447300, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.