Retirement plan

LEE KENNEDY CO., INC. 401(K) AND PROFIT SHARING PLAN

Name: LEE KENNEDY CO, INC. - LEE KENNEDY CO., INC. 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: LEE KENNEDY CO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEE KENNEDY CO., INC. 401(K) AND PROFIT SHARING PLAN, LEE KENNEDY CO, INC.

LEE KENNEDY CO, INC.EIN 04-2635562Plan #002PY 2023

122 QUINCY SHORE DRIVE - QUINCY, MA 02171617-825-6930leekennedy.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$26.7M

+13.7% from 2022

Total participants

156

-6.0% from 2022

Average account balance

$170,890

+19.5% from 2022

Annual return

17.61%

+34.58 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.96M

Not enough data

1 years with asset history on file

Average account balance

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

$193K

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.

150

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$822

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 2 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 15 · EIN 13-3689044	Recordkeeping	$111,080
MORGAN STANLEY SMITH BARNEY3 years Filed as: SBHU/MORGAN STANLEY SMITH BARNEY LL Service code 22 · EIN 13-2896238	Insurance Broker	$62,079

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$111K

$1010 / participant

Recordkeeping$111K100.0%

% of EOY assets

0.417%

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: MAMACOS, BYSIEWICZ & ASSOCIATES, LL
Auditor EIN: 921450991
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,890

$76,696+122.8%

$96,515+77.1%

$71,511+139.0%

Participation rate

100.0%

66.6%+33.4pp

74.3%+25.7pp

67.9%+32.1pp

Annual return

17.61%

48.32%-30.7pp

35.73%-18.1pp

28.86%-11.2pp

Employer contribution / active EE

$3,166

$3,032+4.4%

$3,740-15.3%

$2,589+22.3%

Participant deferral / active EE

$13,391

$3,770+255.2%

$4,880+174.4%

$4,291+212.1%

Admin fee / account holder

$712

$2,030-64.9%

$6,735-89.4%

$1,588-55.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 15 · EIN 13-3689044

Recordkeeping

$111,080

MORGAN STANLEY SMITH BARNEY3 years

Filed as: SBHU/MORGAN STANLEY SMITH BARNEY LL

Service code 22 · EIN 13-2896238

Insurance Broker

$62,079

LEE KENNEDY CO., INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEE KENNEDY CO., INC. 401(K) AND PROFIT SHARING 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