Retirement plan

KIRBY 401K PLAN

Name: KIRBY CORPORATION - KIRBY 401K PLAN (2023) 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 2023

55 WAUGH DRIVE, SUITE 1000 - HOUSTON, TX 770079020713-435-1000LinkedIn1-10 employeesexecutive office

Other plans on this EIN

1 filing

#002Retirement-$341.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$777.1M

-6.5% from 2016

Total participants

6,574

+6.0% from 2016

Average account balance

$122,038

-12.0% from 2016

Annual return

16.34%

-13.51 pp from 2016

Benchmarks

See 45 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort45 peers

Snapshot2023

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 & SMITH9+ years Filed as: MERRILL LYNCH Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER, 250 VESEY · NEW YORK, NY 10281	Recordkeeping	$374,640
MANAGERS FUNDS1 year Filed as: AMG OPS- FEE GROUP Service code 17 · EIN 22-1146430 P.O. BOX 91249 · CLEVELAND, OH 44101	Pension Consulting	$70,000
WEAVER AND TIDWELL, LLP5 years Service code 10 · EIN 75-0786316 2821 WEST 7TH STREET, SUITE 700 · FORTH WORTH, TX 76107	Accounting	$22,815
NORTON ROSE FULBRIGHT5 years Filed as: NORTON ROSE FULBRIGHT US LLP Service code 10 · EIN 74-1201087 P.O. BOX 122613, DEPT. 2613 · DALLAS, TX 752844284	Accounting	$8,766

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

$475K

$93 / participant

Recordkeeping$370K77.9%
Investment mgmt$70K14.7%
Legal$9K1.8%
Other / not subdivided$26K5.6%

% of EOY assets

0.061%

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: $22,815
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,038

$86,649+40.8%

$70,589+72.9%

$103,657+17.7%

Participation rate

96.0%

72.0%+23.9pp

68.4%+27.6pp

73.4%+22.6pp

Annual return

16.34%

25.21%-8.9pp

32.80%-16.5pp

33.13%-16.8pp

Employer contribution / active EE

$5,408

$3,068+76.3%

$2,977+81.6%

$3,216+68.2%

Participant deferral / active EE

$5,508

$4,866+13.2%

$4,569+20.5%

$5,218+5.6%

Admin fee / account holder

$75

$89-16.0%

$6,430-98.8%

$114-34.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH

Service code 15 · EIN 13-5674085

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

Recordkeeping

$374,640

MANAGERS FUNDS1 year

Filed as: AMG OPS- FEE GROUP

Service code 17 · EIN 22-1146430

P.O. BOX 91249 · CLEVELAND, OH 44101

Pension Consulting

$70,000

WEAVER AND TIDWELL, LLP5 years

Service code 10 · EIN 75-0786316

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

Accounting

$22,815

NORTON ROSE FULBRIGHT5 years

Filed as: NORTON ROSE FULBRIGHT US LLP

Service code 10 · EIN 74-1201087

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

Accounting

$8,766

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