Retirement plan

KEY LAKES SAVINGS PLAN FOR REPRESENTED EMPLOYEES

Name: KEY LAKES, INC. - KEY LAKES SAVINGS PLAN FOR REPRESENTED EMPLOYEES (2024) Form 5500
Creator: KEY LAKES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEY LAKES SAVINGS PLAN FOR REPRESENTED EMPLOYEES, KEY LAKES, INC.

KEY LAKES, INC.EIN 20-0871186Plan #001PY 2024

ONE BALA PLAZA EAST, SUITE 600 - BALA CYNWYD, PA 19004610-617-6886LinkedIn201-500 employeesmaritime

Other plans on this EIN

2 filings

#003Retirement-$19.2M assets #002Retirement-$5.1M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.2M

+15.9% from 2023

Total participants

205

+4.6% from 2023

Average account balance

$53,143

+9.2% from 2023

Annual return

17.74%

-2.77 pp from 2023

Benchmarks

See 1,225 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,225 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.19M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

173

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$468K

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

+17.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$6,728
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,231

Plan features & details

Pension benefit codes2G2J2T3H3D2F

Plan features

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.
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

1 tripped

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

$12K

$63 / participant

Recordkeeping$7K56.3%
Investment mgmt$5K43.7%

% of EOY assets

0.130%

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: BERKOWITZ POLLACK BRANT ADVISORS
Auditor EIN: 592742314
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,143

$54,690-2.8%

$76,030-30.1%

$74,478-28.6%

Participation rate

83.2%

60.3%+22.8pp

69.1%+14.1pp

67.2%+15.9pp

Annual return

17.74%

31.92%-14.2pp

361.54%-343.8pp

1370.56%-1352.8pp

Employer contribution / active EE

$491

$1,781-72.4%

$2,688-81.7%

$2,626-81.3%

Participant deferral / active EE

$1,973

$3,070-35.8%

$4,257-53.7%

$4,350-54.7%

Admin fee / account holder

$69

$2,240-96.9%

$6,421-98.9%

$1,946-96.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$6,728

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,231

KEY LAKES SAVINGS PLAN FOR REPRESENTED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEY LAKES SAVINGS PLAN FOR REPRESENTED EMPLOYEES

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