Retirement plan

KLM RETIREMENT SAVINGS PLAN

Name: KLM ROYAL DUTCH AIRLINES - KLM RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: KLM ROYAL DUTCH AIRLINES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLM RETIREMENT SAVINGS PLAN, KLM ROYAL DUTCH AIRLINES

KLM ROYAL DUTCH AIRLINESEIN 13-0895755Plan #002PY 2016

125 WEST 55TH STREET - 2ND FLOOR - NEW YORK CITY, NY 10019212-830-4000

Other plans on this EIN

1 filing

#003Retirement-$178K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$42.3M

-0.8% from 2015

Total participants

211

-0.5% from 2015

Average account balance

$205,560

-0.3% from 2015

Annual return

6.86%

+5.16 pp from 2015

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.09M

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

200

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

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

+11.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$611

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 4 by compensation

Provider	Service type	Compensation
AON CONSULTING1 year Service code 16 39584 TREASURY CENTER · CHICAGO, IL 60694	Consulting	$27,468
RSM US LLP1 year Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$23,000
FINANCIAL ENGINES1 year Service code 27 1050 ENTERPRISE WAY · SUNNYVALE, CA 94809	Advisory (Plan)	$13,837
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$5,484

Plan features & details

Pension benefit codes2E2F2H2J2K2S2T3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

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

$70K

$550 / participant

Investment mgmt$14K19.8%
Other / not subdivided$56K80.2%

% of EOY assets

0.165%

all-in expense ratio

Categories reported

1 / 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: MCGLADREY LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,560

$44,425+362.7%

$67,834+203.0%

$55,167+272.6%

Participation rate

96.1%

59.7%+36.4pp

68.8%+27.3pp

69.0%+27.1pp

Annual return

6.86%

17.80%-10.9pp

138.47%-131.6pp

169.23%-162.4pp

Employer contribution / active EE

$3,828

$1,351+183.2%

$2,403+59.3%

$1,963+95.0%

Participant deferral / active EE

$8,860

$2,166+309.1%

$3,160+180.4%

$3,054+190.1%

Admin fee / account holder

$339

$530-36.1%

$4,622-92.7%

$504-32.8%

Provider

Service type

Compensation

AON CONSULTING1 year

Service code 16

39584 TREASURY CENTER · CHICAGO, IL 60694

Consulting

$27,468

RSM US LLP1 year

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$23,000

FINANCIAL ENGINES1 year

Service code 27

1050 ENTERPRISE WAY · SUNNYVALE, CA 94809

Advisory (Plan)

$13,837

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$5,484

KLM RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLM RETIREMENT SAVINGS 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