Retirement plan

KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN

Name: KELTON ENTERPRISES, LLC - KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: KELTON ENTERPRISES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN, KELTON ENTERPRISES, LLC

KELTON ENTERPRISES, LLCEIN 16-1573692Plan #001PY 2022

2635 MILLERSPORT HIGHWAY - GETZVILLE, NY 14068716-639-3701LinkedIn501-1000 employeesrestaurants

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.2M

-12.8% from 2021

Total participants

259

-3.4% from 2021

Average account balance

$36,668

-20.4% from 2021

Annual return

-17.77%

-31.17 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.98M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

101

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.

36.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8313

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WATERFORD ADVISORS2 years Service code 13 6225 SHERIDAN DRIVE · WILLIAMSBILLE, NY 14221	Contract Administrator	$21,270
EPIC RETIREMENT PLAN SERVICES8+ years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 13 17 COURT STREET · BUFFALO, NY 14202	Contract Administrator	$13,932

Plan features & details

Pension benefit codes2E2F2G2J2K3D3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$36K

$168 / participant

Contract admin$36K100.0%

% of EOY assets

0.845%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TRONCONI SEGARRA & ASSOCIATES, LLP
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,668

$26,549+38.1%

$61,399-40.3%

$66,930-45.2%

Participation rate

32.1%

38.1%-6.0pp

52.6%-20.5pp

69.8%-37.7pp

Annual return

-17.77%

-16.21%-1.6pp

338.81%-356.6pp

1.57%-19.3pp

Employer contribution / active EE

$543

$651-16.6%

$1,159-53.1%

$2,545-78.6%

Participant deferral / active EE

$1,161

$1,338-13.3%

$2,124-45.4%

$4,238-72.6%

Admin fee / account holder

$310

$409-24.2%

$2,131-85.5%

$593-47.8%

Provider

Service type

Compensation

WATERFORD ADVISORS2 years

Service code 13

6225 SHERIDAN DRIVE · WILLIAMSBILLE, NY 14221

Contract Administrator

$21,270

EPIC RETIREMENT PLAN SERVICES8+ years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 13

17 COURT STREET · BUFFALO, NY 14202

Contract Administrator

$13,932

KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELTON ENTERPRISES, LLC 401(K) PROFIT SHARING 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