Retirement plan

KIRBY 401K PLAN

Name: KIRBY CORPORATION - KIRBY 401K PLAN (2021) Form 5500
Creator: KIRBY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRBY 401K PLAN, KIRBY CORPORATION

KIRBY CORPORATIONEIN 74-1884980Plan #004PY 2021

55 WAUGH DRIVE, SUITE 1000 - HOUSTON, TX 77007713-435-1000LinkedIn1-10 employeesexecutive office

Other plans on this EIN

2 filings

#002Retirement-$394.4M assets #001Retirement-$146.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$704.2M

-6.5% from 2016

Total participants

6,436

+6.0% from 2016

Average account balance

$113,556

-12.0% from 2016

Annual return

13.81%

-13.51 pp from 2016

Benchmarks

See 44 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort44 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$850.12M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

6,402

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$85

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER, 250 VESEY · NEW YORK, NY 10281	Recordkeeping	$134,692
NORTHERN TRUST COMPANY4 years Filed as: NORTHERN TRUST Service code 50 · EIN 36-3608252 P.O. BOX 75599 · CHICAGO, IL 60675	Direct Payment	$50,000
WEAVER AND TIDWELL, LLP3 years Service code 10 · EIN 75-0786316 2821 WEST 7TH STREET, SUITE 700 · FORTH WORTH, TX 76107	Accounting	$21,000
NORTON ROSE FULBRIGHT3 years Filed as: NORTON ROSE FULBRIGHT US LLP Service code 10 · EIN 74-1201087 P.O. BOX 122613, DEPT. 2613 · DALLAS, TX 752844284	Accounting	$7,517

Plan features & details

Pension benefit codes2J3D3H

Plan features

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$217K

$43 / participant

Contract admin$217K100.0%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,556

$107,339+5.8%

$85,708+32.5%

$101,555+11.8%

Participation rate

95.3%

73.0%+22.4pp

69.9%+25.5pp

74.5%+20.8pp

Annual return

13.81%

20.15%-6.3pp

21.49%-7.7pp

21.00%-7.2pp

Employer contribution / active EE

$4,371

$3,291+32.8%

$2,618+67.0%

$2,972+47.1%

Participant deferral / active EE

$5,418

$4,375+23.8%

$3,922+38.1%

$4,874+11.2%

Admin fee / account holder

$35

$106-67.1%

$6,876-99.5%

$139-74.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER, 250 VESEY · NEW YORK, NY 10281

Recordkeeping

$134,692

NORTHERN TRUST COMPANY4 years

Filed as: NORTHERN TRUST

Service code 50 · EIN 36-3608252

P.O. BOX 75599 · CHICAGO, IL 60675

Direct Payment

$50,000

WEAVER AND TIDWELL, LLP3 years

Service code 10 · EIN 75-0786316

2821 WEST 7TH STREET, SUITE 700 · FORTH WORTH, TX 76107

Accounting

$21,000

NORTON ROSE FULBRIGHT3 years

Filed as: NORTON ROSE FULBRIGHT US LLP

Service code 10 · EIN 74-1201087

P.O. BOX 122613, DEPT. 2613 · DALLAS, TX 752844284

Accounting

$7,517

KIRBY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRBY 401K 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