Retirement plan

KRAMER'S CUSTOM KITCHENS AND WOODWORKING 401(K) PLAN

Name: KRAMER'S CUSTOM KITCHENS AND WOODWORKING - KRAMER'S CUSTOM KITCHENS AND WOODWORKING 401(K) PLAN (2024) Form 5500
Creator: KRAMER'S CUSTOM KITCHENS AND WOODWORKING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRAMER'S CUSTOM KITCHENS AND WOODWORKING 401(K) PLAN, KRAMER'S CUSTOM KITCHENS AND WOODWORKING

KRAMER'S CUSTOM KITCHENS AND WOODWORKINGEIN 10-0008456Plan #001PY 2024

47 OCTOBER HILL ROAD - HOLLISTON, MA 01746508-429-9007kramerskitchens.comLinkedIn1-10 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$968K

+31.0% from 2023

Total participants

-11.8% from 2023

Average account balance

$74,458

+41.1% from 2023

Annual return

11.75%

-6.38 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$968K

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1219

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$16K

$1132 / participant

Other / not subdivided$16K100.0%

% of EOY assets

1.638%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,458

$110,410-32.6%

$102,437-27.3%

$145,897-49.0%

Participation rate

85.7%

77.9%+7.8pp

74.5%+11.2pp

80.3%+5.4pp

Annual return

11.75%

24.85%-13.1pp

24.95%-13.2pp

552.29%-540.5pp

Employer contribution / active EE

$2,798

$4,217-33.7%

$3,871-27.7%

$4,663-40.0%

Participant deferral / active EE

$8,493

$5,622+51.1%

$5,060+67.8%

$6,689+27.0%

Admin fee / account holder

$1,219

$9,745-87.5%

$8,388-85.5%

$13,390-90.9%

KRAMER'S CUSTOM KITCHENS AND WOODWORKING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRAMER'S CUSTOM KITCHENS AND WOODWORKING 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