KMS Solutions reviews

We appreciate the kind comment regarding no grief from management. KMS is a professional services consulting business that sells expert advisory & assistance services to the Federal Government under labor hour contracts. We agree that under the affordable care act the cost of healthcare has gone up, as a small business we have no ability to change that dynamic and can only react to it. The 401(k) is managed by John Hancock and funded by the company for the benefit of ALL ELIGIBLE EMPLOYEES on a profit sharing basis, regardless of whether they make a salary deferral contribution of their own or not. KMS has never had a 401(k) match. The profit sharing retirement contribution by the company for the benefit of the employees has always been 3% or higher of total salary dollars each and every year. Over the last two years it has averaged 5.88%. It is explained in the benefits summary provided to all new hire employees as follows, "The KMS 401(k) plan is available for participation to all qualified employees at their date of hire. In addition to salary deferrals, the company may make annual discretionary contributions on either a profit sharing basis and/or a matching contribution basis equal to a uniform percentage of the amount of salary deferral."