Retirement plan

KIRKWOOD HOLDINGS, INC. 401(K) PLAN

Name: KIRKWOOD HOLDINGS, INC. - KIRKWOOD HOLDINGS, INC. 401(K) PLAN (2022) Form 5500
Creator: KIRKWOOD HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRKWOOD HOLDINGS, INC. 401(K) PLAN, KIRKWOOD HOLDINGS, INC.

KIRKWOOD HOLDINGS, INC.EIN 20-1623537Plan #001PY 2022

904 MAIN STREET - WILMINGTON, MA 01887978-658-4200LinkedIn201-500 employeesprinting

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$17.9M

-18.1% from 2021

Total participants

246

+10.8% from 2021

Average account balance

$85,820

-26.0% from 2021

Annual return

-18.70%

-32.33 pp from 2021

Benchmarks

See 1,871 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,871 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.63M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

258

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 4 by compensation

Provider	Service type	Compensation
DAMIANO BURK NUTTALL PC1 year Service code 10 · EIN 45-3085083	Accounting	$10,332
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49	Other Services	$9,782
ASCENSUS LLC3 years Filed as: FUTUREPLAN C/O ASCENSUS Service code 49 · EIN 82-3719843	Other Services	$7,890
ASCENSUS LLC2 years Filed as: ASCENSUS C/O FUTURE PLAN Service code 49 PO BOX 734602 · CHICAGO, IL 60673	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAMIANO, BURK & NUTTALL, P.C
Auditor EIN: 453085083
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,820

$72,639+18.1%

$90,766-5.4%

$66,949+28.2%

Participation rate

78.6%

73.7%+4.9pp

75.7%+2.9pp

69.8%+8.8pp

Annual return

-18.70%

-12.28%-6.4pp

-12.16%-6.5pp

1.57%-20.3pp

Employer contribution / active EE

$736

$2,369-68.9%

$2,922-74.8%

$2,545-71.1%

Participant deferral / active EE

$5,771

$3,979+45.0%

$4,565+26.4%

$4,239+36.1%

Admin fee / account holder

-$26

$708-103.7%

$8,446-100.3%

$594-104.4%

Provider

Service type

Compensation

DAMIANO BURK NUTTALL PC1 year

Service code 10 · EIN 45-3085083

Accounting

$10,332

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 49

Other Services

$9,782

ASCENSUS LLC3 years

Filed as: FUTUREPLAN C/O ASCENSUS

Service code 49 · EIN 82-3719843

Other Services

$7,890

ASCENSUS LLC2 years

Filed as: ASCENSUS C/O FUTURE PLAN

Service code 49

PO BOX 734602 · CHICAGO, IL 60673

Other Services

KIRKWOOD HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRKWOOD HOLDINGS, INC. 401(K) 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