World Kinect 401(k) match, vesting and fees
What World Kinect's 401(k) plan says about matching contributions
The Company provides a matching contribution equal to 50% of 6% of the participants’ compensation deferred, for a maximum match of 3% of compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Roth contributions | Participants may contribute up to 60% of their plan compensation on a pre-tax or after-tax “Roth” basis, subject to Internal Revenue Code (“IRC”) limitations. | Audit report, p. 29 ↗ |
| Loans | Loans are collateralized by the participant’s account and must be supported by a promissory note. Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant's account. Loans established under the Plan will bear a rate of interest equal to the prime rate plus 2. All loans must be repaid within five years unless the proceeds are used to acquire a principal residence, in which case a longer repayment period is allowed. No more than one loan may be outstanding at any time. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Caron & Bletzer, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 349 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| World Kinect: employer contribution per participant | $1,993 | |
| Peer median | $2,072 |
| World Kinect: average balance | $128,855 | |
| Peer median | $78,395 |
| World Kinect: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $336M at the end of plan year 2023 to $383M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,218 | $383M | $5.9M | $1,993 | 0.04% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 3,368 | $336M | $6.1M | $2,007 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does World Kinect match 401(k) contributions?
The audit report attached to the World Kinect Corporation 401(k) Profit Sharing Plan's plan year 2024 Form 5500, page 29 says: “The Company provides a matching contribution equal to 50% of 6% of the participants’ compensation deferred, for a maximum match of 3% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the World Kinect 401(k) match vested?
The vesting schedule for the World Kinect Corporation 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the World Kinect 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is World Kinect Corporation.
I left World Kinect. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (World Kinect Corporation, (305) 351-4911) or the recordkeeper, Fidelity Investments Institutional. The World Kinect old 401(k) page lists the contacts from every plan filing. Find an old World Kinect 401(k)
Data from the public Form 5500 annual reports World Kinect filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with World Kinect. Not financial advice. Report a correction · Methodology