Retirement plan

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE

Name: KRATOS DEFENSE & SEC. SOL. - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE (2021) Form 5500
Creator: KRATOS DEFENSE & SEC. SOL.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRATOS DEFENSE & SECURITY SOLUTIONS, INC. EMPLOYEE, KRATOS DEFENSE & SEC. SOL.

KRATOS DEFENSE & SEC. SOL.EIN 13-3818604Plan #001PY 2021

10680 TREENA STREET, 6TH FLOOR - SAN DIEGO, CA 92131858-812-7329kratosdefense.comLinkedIn1001-5000 employeesdefense & space

Prospect flagsLow returnsLow participationCorrective distributions

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)

$420.6M

-4.8% from 2016

Total participants

3,952

+4.2% from 2016

Average account balance

$135,195

-9.5% from 2016

Annual return

9.05%

-9.85 pp from 2016

Benchmarks

See 813 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort813 peers

Snapshot2021

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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 14 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$271,581
SAGEVIEW ADVISORY GROUP, LLC7+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$91,895
JGD & ASSOCIATES LLP2 years Service code 10 · EIN 95-3132551	Accounting	$26,000
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 84-1501338	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MAINSTAY5 years Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$389K

$153 / participant

Investment mgmt$183K47.0%
Contract admin$180K46.3%
Other / not subdivided$26K6.7%

% of EOY assets

0.093%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JGD & ASSOCIATES LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,195

$120,450+12.2%

$159,495-15.2%

$93,010+45.4%

Participation rate

67.0%

78.0%-11.0pp

82.8%-15.8pp

73.9%-6.9pp

Annual return

9.05%

27.11%-18.1pp

263.72%-254.7pp

158.70%-149.7pp

Employer contribution / active EE

$2,447

$3,526-30.6%

$4,831-49.4%

$2,705-9.5%

Participant deferral / active EE

$5,470

$7,283-24.9%

$7,354-25.6%

$4,561+19.9%

Admin fee / account holder

$125

$137-8.4%

$10,804-98.8%

$152-17.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$271,581

SAGEVIEW ADVISORY GROUP, LLC7+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$91,895

JGD & ASSOCIATES LLP2 years

Service code 10 · EIN 95-3132551

Accounting

$26,000

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 84-1501338

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MAINSTAY5 years

Service code 52 · EIN 52-2206685

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

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