Retirement plan

KITE REALTY GROUP 401(K) PROFIT SHARING PLAN

Name: KRG MANAGEMENT, LLC - KITE REALTY GROUP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KRG MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KITE REALTY GROUP 401(K) PROFIT SHARING PLAN, KRG MANAGEMENT, LLC

KRG MANAGEMENT, LLCEIN 20-1453934Plan #001PY 2023

30 SOUTH MERIDIAN STREET, SUITE 1100 - INDIANAPOLIS, IN 46204317-577-5600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.8M

+15.2% from 2022

Total participants

364

-3.2% from 2022

Average account balance

$111,867

+17.8% from 2022

Annual return

17.36%

-57.73 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.72M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

356

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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 4 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC3 years Filed as: STIFEL, NICOLAUS & COMPANY, INC. Service code 27 · EIN 43-0538770 8900 KEYSTONE CROSSING · INDIANAPOLIS, IN 46240	Advisory (Plan)	$79,515
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969	Contract Administrator	$46,039
PNC BANK, N.A.1 year Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 27 · EIN 22-1146430	Advisory (Plan)	$19,991
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$10,989

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D3H

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.
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.
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.
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

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

$162K

$703 / participant

Recordkeeping$5K3.0%
Trustee / custodial$11K6.8%
Investment mgmt$105K64.8%
Contract admin$41K25.5%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GREENWALT CPA'S, INC.
Auditor EIN: 351489621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,867

$65,428+71.0%

$169,390-34.0%

$71,511+56.4%

Participation rate

96.5%

66.9%+29.6pp

77.2%+19.3pp

67.9%+28.6pp

Annual return

17.36%

21.35%-4.0pp

406.07%-388.7pp

28.86%-11.5pp

Employer contribution / active EE

$5,244

$2,064+154.1%

$4,013+30.7%

$2,589+102.5%

Participant deferral / active EE

$11,008

$4,360+152.5%

$6,222+76.9%

$4,291+156.6%

Admin fee / account holder

$454

$1,328-65.8%

$9,015-95.0%

$1,588-71.4%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFEL, NICOLAUS & COMPANY, INC.

Service code 27 · EIN 43-0538770

8900 KEYSTONE CROSSING · INDIANAPOLIS, IN 46240

Advisory (Plan)

$79,515

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

Contract Administrator

$46,039

PNC BANK, N.A.1 year

Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT

Service code 27 · EIN 22-1146430

Advisory (Plan)

$19,991

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$10,989

KITE REALTY GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KITE REALTY GROUP 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