Retirement plan

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE

Name: KRATOS DEFENSE & SECURITY SOLU - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE (2017) Form 5500
Creator: KRATOS DEFENSE & SECURITY SOLU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE, KRATOS DEFENSE & SECURITY SOLU

KRATOS DEFENSE & SECURITY SOLUEIN 13-3818604Plan #001PY 2017

4820 EASTGATE MALL - SAN DIEGO, CA 92121858-812-7329kratosdefense.comLinkedIn1001-5000 employeesdefense & space

Prospect flagsLow participationFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 6, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$269.7M

-4.8% from 2016

Total participants

3,735

+4.2% from 2016

Average account balance

$90,830

-9.5% from 2016

Annual return

19.68%

-9.85 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$534.30M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

3,822

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.

73.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37.54M

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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

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Service providers

Top 10 of 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$144,923
SAGEVIEW ADVISORY GROUP, LLC3+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$84,291
JGD & ASSOCIATES LLP3+ years Filed as: JGD & ASSOCIATES Service code 50 · EIN 95-3132551	Direct Payment	$25,000
DLA PIPER1 year Filed as: DLA PIPER LLPUS Service code 16 · EIN 52-0616490	Consulting	$8,170
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 33-0457728	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 04-3276558	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2H2K3D3H2T

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$266K

$120 / participant

Investment mgmt$213K80.3%
Contract admin$16K5.9%
Other / not subdivided$37K13.8%

% of EOY assets

0.098%

all-in expense ratio

Categories reported

2 / 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: JGD & ASSOCIATES, LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,830

$96,458-5.8%

$136,298-33.4%

$77,958+16.5%

Participation rate

65.4%

75.4%-10.0pp

81.9%-16.6pp

71.6%-6.3pp

Annual return

19.68%

23.78%-4.1pp

5156.27%-5136.6pp

20.87%-1.2pp

Employer contribution / active EE

$2,069

$3,144-34.2%

$4,696-55.9%

$2,310-10.4%

Participant deferral / active EE

$4,278

$5,902-27.5%

$6,247-31.5%

$3,537+21.0%

Admin fee / account holder

$89

$80+11.2%

$9,244-99.0%

$97-8.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$144,923

SAGEVIEW ADVISORY GROUP, LLC3+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$84,291

JGD & ASSOCIATES LLP3+ years

Filed as: JGD & ASSOCIATES

Service code 50 · EIN 95-3132551

Direct Payment

$25,000

DLA PIPER1 year

Filed as: DLA PIPER LLPUS

Service code 16 · EIN 52-0616490

Consulting

$8,170

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 33-0457728

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 04-3276558

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE

Top hat statement on fileNQDC

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