Kone Inc. 401(k) Review & Grade
Kone Inc. Employee Savings Plan
Lisle, ILManufacturing1,902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,130Employer $ per active participant
$11,532Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$467.4MNet plan assets, end of year
$183,726Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 80th |
| Employee saving | 93th |
| Peers that auto-enroll | 59% |
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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 ($451 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
- Kone put in about $5,130 per active participant, more than the typical peer ($2,320). 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 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 | $9,757,420 |
| Participant (employee) contributions | $21,934,536 |
| Other contributions (incl. rollovers in) | $2,474,413 |
| Administrative expenses paid from the plan | $347,530 |
| Contract administrator fees | $3,600 |
| Investment advisory & management fees | $209,211 |
| Other admin expenses | $52,740 |
| Benefits paid out | $45,271,300 |
| Net assets, start / end of year | $420.2M / $467.4M |
| Active participants, start / end of year | 1,842 / 1,962 |
| Participants with account balances | 2,544 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante and Moran PLLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $209,211 reported compensation |
| Fidelity Investments Institutional | $65,757 reported compensation |
| Mcdermott Will & Emery LLP | $52,024 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728090744NAL0000746819001, received 2025-07-28, EIN 36-2357423, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.