Retirement plan

KFORCE 401(K) RETIREMENT SAVINGS PLAN

Name: KFORCE INC. - KFORCE 401(K) RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: KFORCE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KFORCE 401(K) RETIREMENT SAVINGS PLAN, KFORCE INC.

KFORCE INC.EIN 59-3264661Plan #002PY 2019

1001 EAST PALM AVENUE - TAMPA, FL 33605813-552-5000kforce.comLinkedIn1001-5000 employeesinformation technology and services

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 18, 2016 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$175.6M

+24.3% from 2018

Total participants

13,733

-4.4% from 2018

Average account balance

$41,859

+17.6% from 2018

Annual return

25.70%

+29.67 pp from 2018

Benchmarks

See 87 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$282.79M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

5,412

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.

20.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Service code 13 · EIN 06-1050034	Contract Administrator	$485,384
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES , LLC Service code 27 · EIN 22-3570392	Advisory (Plan)	$55,185
THE CENTURION GROUP, LLC5+ years Filed as: CENTURION GROUP, LLC Service code 27 · EIN 20-8394397	Advisory (Plan)	$50,872
WARREN AVERETT, LLC5+ years Filed as: WARREN AVERETT Service code 10 · EIN 45-4084437	Accounting	$16,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$610K

$51 / participant

Other / not subdivided$610K100.0%

% of EOY assets

0.347%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,859

$81,548-48.7%

$141,162-70.3%

$89,569-53.3%

Participation rate

19.6%

64.9%-45.3pp

82.5%-62.9pp

69.6%-50.0pp

Annual return

25.70%

47.43%-21.7pp

71.39%-45.7pp

34.56%-8.9pp

Employer contribution / active EE

$101

$2,272-95.6%

$4,735-97.9%

$2,584-96.1%

Participant deferral / active EE

$1,636

$5,280-69.0%

$6,709-75.6%

$4,220-61.2%

Admin fee / account holder

$145

$68+113.6%

$10,261-98.6%

$72+103.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$485,384

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES , LLC

Service code 27 · EIN 22-3570392

Advisory (Plan)

$55,185

THE CENTURION GROUP, LLC5+ years

Filed as: CENTURION GROUP, LLC

Service code 27 · EIN 20-8394397

Advisory (Plan)

$50,872

WARREN AVERETT, LLC5+ years

Filed as: WARREN AVERETT

Service code 10 · EIN 45-4084437

Accounting

$16,000

KFORCE 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KFORCE 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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