Kyndryl, Inc. 401(k) Review & Grade
Kyndryl 401k Plan
New York, NYProfessional, Scientific & Technical Services6,300 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,024Employer $ per active participant
$17,600Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$764.4MNet plan assets, end of year
$101,749Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 96th |
| Employee saving | 90th |
| Peers that auto-enroll | 47% |
Red flags from the filing
Corrective distributions: the plan refunded $28,394 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kyndryl put in about $7,024 per active participant, more than the typical peer ($2,951). 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 | $44,252,346 |
| Participant (employee) contributions | $110,882,371 |
| Other contributions (incl. rollovers in) | $36,481,928 |
| Administrative expenses paid from the plan | $100,822 |
| Contract administrator fees | $1,800 |
| Benefits paid out | $84,642,772 |
| Net assets, start / end of year | $579.7M / $764.4M |
| Active participants, start / end of year | 6,859 / 5,741 |
| Participants with account balances | 7,513 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $100,822 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014194556NAL0007287618001, received 2025-10-14, EIN 86-1182761, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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