Retirement plan

KPH HEALTHCARE SERVICES, INC. EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

Name: KPH HEALTHCARE SERVICES, INC. - KPH HEALTHCARE SERVICES, INC. EMPLOYEE STOCK OWNERSHIP AND 401K PLAN (2020) Form 5500
Creator: KPH HEALTHCARE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KPH HEALTHCARE SERVICES, INC. EMPLOYEE STOCK OWNERSHIP AND 401K PLAN, KPH HEALTHCARE SERVICES, INC.

KPH HEALTHCARE SERVICES, INC.EIN 15-0358720Plan #003PY 2020

29 E MAIN ST - GOUVERNEUR, NY 136421401315-287-1500kphhealthcareservices.comLinkedIn1001-5000 employeespharmaceuticals

Other plans on this EIN

1 filing

#001Retirement-$22.3M assets

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed July 16, 2020 (most recent of 8 filings on file)

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)

$581.1M

-18.4% from 2016

Total participants

4,513

-4.4% from 2016

Average account balance

$200,183

-14.6% from 2016

Annual return

11.22%

-4.76 pp from 2016

Benchmarks

See 348 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort348 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$777.73M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

3,493

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.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 2 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.6+ years Filed as: BENEFIT PLANS ADMIN SERVICES, INC Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374	Recordkeeping	$365,117
SHEPHERD KAPLAN LLC1 year Filed as: SHEPHERD KAPLAN, LLC Service code 27 · EIN 83-0368447 122 SUMMER STREET · BOSTON, MA 02110	Advisory (Plan)	$24,997

Plan features & details

Pension benefit codes2E2F2H2J2K2P2Q2S2T3H3I

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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$390K

$105 / participant

Investment mgmt$25K6.4%
Contract admin$365K93.6%

% of EOY assets

0.067%

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: DANNIBLE & MCKEE, LLP
Auditor EIN: 330996661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,183

$43,466+360.5%

$90,974+120.0%

$90,274+121.8%

Participation rate

56.7%

62.5%-5.8pp

69.0%-12.3pp

73.4%-16.6pp

Annual return

11.22%

25.26%-14.0pp

134.60%-123.4pp

53.97%-42.8pp

Employer contribution / active EE

$2,132

$840+153.8%

$2,122+0.5%

$2,523-15.5%

Participant deferral / active EE

$2,818

$2,138+31.8%

$3,373-16.4%

$4,231-33.4%

Admin fee / account holder

$134

$92+46.3%

$5,961-97.7%

$114+17.8%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.6+ years

Filed as: BENEFIT PLANS ADMIN SERVICES, INC

Service code 15 · EIN 16-1503696

6 RHOADS DRIVE · UTICA, NY 135026374

Recordkeeping

$365,117

SHEPHERD KAPLAN LLC1 year

Filed as: SHEPHERD KAPLAN, LLC

Service code 27 · EIN 83-0368447

122 SUMMER STREET · BOSTON, MA 02110

Advisory (Plan)

$24,997

KPH HEALTHCARE SERVICES, INC. EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KPH HEALTHCARE SERVICES, INC. EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

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