Retirement plan

KENSINGTON CAPITAL, CORP. 401(K) PROFIT SHARING PLAN

Name: KENSINGTON CAPITAL, CORP. - KENSINGTON CAPITAL, CORP. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KENSINGTON CAPITAL, CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENSINGTON CAPITAL, CORP. 401(K) PROFIT SHARING PLAN, KENSINGTON CAPITAL, CORP.

KENSINGTON CAPITAL, CORP.EIN 11-2612136Plan #001PY 2023

4910 13TH AVENUE - BROOKLYN, NY 11219718-436-2111kensingtoncapitalcorporation.comLinkedIn1-10 employees

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$545K

+103.1% from 2022

Total participants

+42.9% from 2022

Average account balance

$77,823

+103.1% from 2022

Annual return

54.18%

+89.31 pp from 2022

Benchmarks

See 36,154 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,154 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$805K

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

46.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$148K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+20.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$77,823

$185,905-58.1%

$170,057-54.2%

$139,487-44.2%

Participation rate

70.0%

87.8%-17.8pp

87.0%-17.0pp

80.3%-10.3pp

Annual return

54.18%

60.56%-6.4pp

53.42%+0.8pp

373.84%-319.7pp

Employer contribution / active EE

$1,881

$7,597-75.2%

$6,790-72.3%

$4,755-60.4%

Participant deferral / active EE

$11,250

$11,627-3.2%

$10,411+8.1%

$6,713+67.6%

Admin fee / account holder

$15,397-100.0%

$12,826-100.0%

$11,407-100.0%

KENSINGTON CAPITAL, CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KENSINGTON CAPITAL, CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion