KR Management LLC 401(k) Review & Grade
KR Management 401(k) Plan
Largo, FLProfessional, Scientific & Technical Services1,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2Employer $ per active participant
$1,275Employee $ saved per active participant
2.24%Direct admin cost, % of plan assets
$5.1MNet plan assets, end of year
$4,317Average balance per account
Score breakdown
- Employer generosity2.4 / 505th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 156th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 1th |
| Employee saving | 6th |
| Peers that auto-enroll | 48% |
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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
- KR Management put in about $2 per active participant, below the typical peer ($3,082). 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 (2.24% of assets) are well above similar-size plans (0.23%). 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 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 | $1,893 |
| Participant (employee) contributions | $1,414,846 |
| Other contributions (incl. rollovers in) | $58,185 |
| Administrative expenses paid from the plan | $102,996 |
| Investment advisory & management fees | $125 |
| Other admin expenses | $18,720 |
| Benefits paid out | $825,173 |
| Net assets, start / end of year | $4.1M / $5.1M |
| Active participants, start / end of year | 1,205 / 1,015 |
| Participants with account balances | 1,184 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mansperger Patterson & Mcmullin |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $84,151 reported compensation |
| Fiduciary Outsourcing LLC | $18,720 reported compensation |
| Resources Investment Advisors, LLC | $125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003120408NAL0000844291001, received 2025-10-03, EIN 55-0822896, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.