Retirement plan

KORG USA INC. 401(K) RETIREMENT PLAN

Name: KORG USA INC. - KORG USA INC. 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: KORG USA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KORG USA INC. 401(K) RETIREMENT PLAN, KORG USA INC.

KORG USA INC.EIN 11-2774209Plan #003PY 2016

316 S SERVICE ROAD - MELVILLE, NY 11747631-390-6792korgusa.comLinkedIn51-200 employeesmusic

Other plans on this EIN

2 filings

#002Retirement-$5.0M assets #001Retirement-$3.8M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.6M

No prior year

Total participants

126

No prior year

Average account balance

$74,503

No prior year

Annual return

-3.24%

No prior year

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.76M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

123

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$919K

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

+4.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$1,007
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984	Other Services	$0
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 52 · EIN 13-5674085	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$11 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WEISER MAZARS LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,503

$69,977+6.5%

$108,582-31.4%

$62,881+18.5%

Participation rate

73.6%

72.9%+0.7pp

79.6%-5.9pp

69.3%+4.3pp

Annual return

-3.24%

10.73%-14.0pp

-51.70%+48.5pp

20.14%-23.4pp

Employer contribution / active EE

$1,969

$2,135-7.8%

$3,758-47.6%

$2,281-13.7%

Participant deferral / active EE

$3,507

$3,165+10.8%

$4,311-18.7%

$3,203+9.5%

Admin fee / account holder

$10

$5,076-99.8%

$7,645-99.9%

$4,296-99.8%

Provider

Service type

Compensation

ADP BROKER-DEALER1+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$1,007

ADP BROKER-DEALER1+ years

Service code 49 · EIN 22-3319984

Other Services

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 52 · EIN 13-5674085

Indirect Investment Fees

KORG USA INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KORG USA INC. 401(K) RETIREMENT 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