Retirement plan

KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST

Name: KLNB LLC - KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: KLNB LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST, KLNB LLC

KLNB LLCEIN 20-0308788Plan #001PY 2018

100 WEST ROAD SUITE 505 - TOWSON, MD 21204410-321-0100klnb.comLinkedIn51-200 employeescommercial real estate

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$36.6M

+1.5% from 2017

Total participants

130

-0.8% from 2017

Average account balance

$281,159

+2.2% from 2017

Annual return

1.31%

-16.49 pp from 2017

Benchmarks

See 957 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort957 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.04M

Not enough data

1 years with asset history on file

Average account balance

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

$392K

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.

166

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+26.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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 2 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT3+ years Service code 27 · EIN 41-1416330	Advisory (Plan)	$35,000
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 64 · EIN 11-3665754	Recordkeeping Fees	$11,760

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$50K

$480 / participant

Investment mgmt$45K90.9%
Other / not subdivided$5K9.1%

% of EOY assets

0.137%

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: COHNREZNICK,LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$281,159

$48,576+478.8%

$169,452+65.9%

$56,287+399.5%

Participation rate

100.0%

65.8%+34.2pp

77.8%+22.2pp

69.9%+30.1pp

Annual return

1.31%

-2.51%+3.8pp

1.83%-0.5pp

-9.96%+11.3pp

Employer contribution / active EE

$11,876

$1,559+661.8%

$4,157+185.7%

$2,111+462.6%

Participant deferral / active EE

$9,442

$3,275+188.3%

$5,277+78.9%

$3,350+181.9%

Admin fee / account holder

$384

$435-11.7%

$9,110-95.8%

$521-26.3%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT3+ years

Service code 27 · EIN 41-1416330

Advisory (Plan)

$35,000

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 64 · EIN 11-3665754

Recordkeeping Fees

$11,760

KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLNB LLC 401 K PROFIT SHARING PLAN AND TRUST

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