Retirement plan

KINSLEY GROUP 401(K) PLAN

Name: KINSLEY GROUP, INC. - KINSLEY GROUP 401(K) PLAN (2022) Form 5500
Creator: KINSLEY GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINSLEY GROUP 401(K) PLAN, KINSLEY GROUP, INC.

KINSLEY GROUP, INC.EIN 04-2430816Plan #001PY 2022

14 CONNECTICUT SOUTH DRIVE - EAST GRANBY, CT 060269738860-844-2235kinsley-group.comLinkedIn51-200 employeesoil & energy

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

+0.5% from 2021

Total participants

207

+5.6% from 2021

Average account balance

$39,815

-5.9% from 2021

Annual return

-12.81%

-25.01 pp from 2021

Benchmarks

See 2,291 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,291 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.44M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

243

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

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

+15.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$560

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$43,520
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: NAPATREE CAPITAL, LLC Service code 27 · EIN 82-4308500	Advisory (Plan)	$18,750
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$6,810

Plan features & details

Pension benefit codes2E2J2S2F2G3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$43K

$262 / participant

Investment mgmt$43K100.0%

% of EOY assets

0.524%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,815

$86,655-54.1%

$119,608-66.7%

$66,930-40.5%

Participation rate

99.4%

75.6%+23.8pp

79.3%+20.1pp

69.8%+29.6pp

Annual return

-12.81%

-8.00%-4.8pp

-14.98%+2.2pp

1.57%-14.4pp

Employer contribution / active EE

$2,996

$2,536+18.1%

$4,232-29.2%

$2,545+17.7%

Participant deferral / active EE

$6,281

$4,358+44.1%

$5,601+12.1%

$4,238+48.2%

Admin fee / account holder

$209

$755-72.4%

$10,326-98.0%

$593-64.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$43,520

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: NAPATREE CAPITAL, LLC

Service code 27 · EIN 82-4308500

Advisory (Plan)

$18,750

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$6,810

KINSLEY GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINSLEY GROUP 401(K) 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