KVP Energy Services LLC 401(k) Review & Grade
KVP Energy Services 401(k) & Profit Sharing Plan
Andrews, TXConstruction598 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$49Employer $ per active participant
$4,596Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$15.4MNet plan assets, end of year
$23,165Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 73th |
| Employee saving | 58th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,269 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- KVP Energy Services put in about $49 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.
- 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 | $29,454 |
| Participant (employee) contributions | $2,748,162 |
| Other contributions (incl. rollovers in) | $249,664 |
| Administrative expenses paid from the plan | $15,204 |
| Contract administrator fees | $15,204 |
| Benefits paid out | $3,461,378 |
| Net assets, start / end of year | $14.2M / $15.4M |
| Active participants, start / end of year | 575 / 621 |
| Participants with account balances | 666 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs, & Ingram, LLC |
Largest service providers (Schedule C)
| American United Life Insurance Co | $92,921 reported compensation |
| Plexus Financial Services | $7,482 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103731NAL0001244755001, received 2025-10-14, EIN 87-3872733, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.