Retirement plan

KIRKWOOD HOLDING, INC. RETIREMENT SAVINGS TRUST AND PLAN

Name: KIRKWOOD HOLDING, INC. - KIRKWOOD HOLDING, INC. RETIREMENT SAVINGS TRUST AND PLAN (2017) Form 5500
Creator: KIRKWOOD HOLDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRKWOOD HOLDING, INC. RETIREMENT SAVINGS TRUST AND PLAN, KIRKWOOD HOLDING, INC.

KIRKWOOD HOLDING, INC.EIN 20-1657242Plan #005PY 2017

1239 ROCKSIDE ROAD - PARMA, OH 44134216-267-6200LinkedIn11-50 employeesmining & metals

Other plans on this EIN

1 filing

#003Retirement-$25.6M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$23M

+17.1% from 2016

Total participants

209

-2.3% from 2016

Average account balance

$111,078

+21.1% from 2016

Annual return

15.70%

+0.75 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.08M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

183

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$950K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$440

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC3+ years Filed as: CAPTRUST FINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$47,505
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$17,830
MALONEY & NOVOTNY LLC3+ years Filed as: MALONEY AND NOVOTNY Service code 10 · EIN 34-0677006	Accounting	$11,200

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$88K

$528 / participant

Other / not subdivided$88K100.0%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

0 / 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: MALONEY AND NOVOTNY, LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,078

$64,909+71.1%

$82,312+34.9%

$62,293+78.3%

Participation rate

98.8%

74.9%+23.9pp

76.9%+21.9pp

69.5%+29.3pp

Annual return

15.70%

21.18%-5.5pp

25.88%-10.2pp

28.90%-13.2pp

Employer contribution / active EE

$1,392

$1,676-16.9%

$2,428-42.7%

$2,042-31.8%

Participant deferral / active EE

$4,375

$3,103+41.0%

$3,706+18.1%

$3,169+38.1%

Admin fee / account holder

$423

$440-3.8%

$5,608-92.5%

$479-11.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3+ years

Filed as: CAPTRUST FINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$47,505

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$17,830

MALONEY & NOVOTNY LLC3+ years

Filed as: MALONEY AND NOVOTNY

Service code 10 · EIN 34-0677006

Accounting

$11,200

KIRKWOOD HOLDING, INC. RETIREMENT SAVINGS TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRKWOOD HOLDING, INC. RETIREMENT SAVINGS TRUST AND 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