Retirement plan

KELLOGG BROWN & ROOT, INC. RETIREMENT AND SAVINGS PLAN

Name: KELLOGG BROWN & ROOT LLC - KELLOGG BROWN & ROOT, INC. RETIREMENT AND SAVINGS PLAN (2023) Form 5500
Creator: KELLOGG BROWN & ROOT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLOGG BROWN & ROOT, INC. RETIREMENT AND SAVINGS PLAN, KELLOGG BROWN & ROOT LLC

KELLOGG BROWN & ROOT LLCEIN 20-3897734Plan #007PY 2023

601 JEFFERSON AVE - HOUSTON, TX 770027900713-753-8060LinkedIn11-50 employeesconstruction

Other plans on this EIN

3 filings

#003Retirement-$46.8M assets #001Retirement-$35.4M assets #010Retirement-$1.7M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$2007.2M

+9.5% from 2016

Total participants

9,708

+52.7% from 2016

Average account balance

$218,676

-28.9% from 2016

Annual return

14.87%

-0.70 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.88B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$161K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

24,011

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+108.81%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$61

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$691,218
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$453,109
CURCIO WEBB4 years Service code 27 · EIN 36-4171366	Advisory (Plan)	$452,897
WEAVER AND TIDWELL, LLP4 years Filed as: WEAVER & TIDWELL LLP Service code 10 · EIN 75-0786316	Accounting	$36,256
VINSON & ELKINS LLP4 years Service code 29 · EIN 74-1183015	Legal	$8,551

Plan features & details

Pension benefit codes2E2F2G2J2K2O2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$444 / participant

Recordkeeping$277K17.0%
Investment mgmt$1M70.3%
Legal$11K0.7%
Other / not subdivided$196K12.0%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER AND TIDWELL LLP
Auditor EIN: 750786316
Audit fees: $36,256
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,676

$88,479+147.2%

$96,543+126.5%

$80,187+172.7%

Participation rate

85.6%

79.9%+5.7pp

74.3%+11.2pp

72.9%+12.6pp

Annual return

14.87%

22.53%-7.7pp

35.75%-20.9pp

40.40%-25.5pp

Employer contribution / active EE

$6,251

$4,177+49.7%

$3,741+67.1%

$2,980+109.8%

Participant deferral / active EE

$11,055

$3,961+179.1%

$4,880+126.5%

$5,016+120.4%

Admin fee / account holder

$177

$211-16.1%

$6,737-97.4%

$145+22.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$691,218

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$453,109

CURCIO WEBB4 years

Service code 27 · EIN 36-4171366

Advisory (Plan)

$452,897

WEAVER AND TIDWELL, LLP4 years

Filed as: WEAVER & TIDWELL LLP

Service code 10 · EIN 75-0786316

Accounting

$36,256

VINSON & ELKINS LLP4 years

Service code 29 · EIN 74-1183015

Legal

$8,551

KELLOGG BROWN & ROOT, INC. RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLOGG BROWN & ROOT, INC. RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion