Retirement plan

KEN MARTIN AGENCY, INC. 401(K) RETIREMENT PLAN

Name: KEN MARTIN AGENCY, INC. - KEN MARTIN AGENCY, INC. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: KEN MARTIN AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEN MARTIN AGENCY, INC. 401(K) RETIREMENT PLAN, KEN MARTIN AGENCY, INC.

KEN MARTIN AGENCY, INC.EIN 20-1698980Plan #001PY 2020

240 MAIN STREET - EASTCHESTER, NY 10709914-337-0100

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$338K

+34.5% from 2019

Total participants

0.0% from 2019

Average account balance

$169,076

+34.5% from 2019

Annual return

12.37%

-12.80 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$849K

Not enough data

1 years with asset history on file

Average account balance

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

$424K

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.

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

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+15.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6077

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,076

$197,637-14.5%

$177,848-4.9%

$158,982+6.3%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

12.37%

58.77%-46.4pp

48.33%-36.0pp

302.99%-290.6pp

Employer contribution / active EE

$37,411

$6,698+458.5%

$5,919+532.1%

$4,763+685.5%

Participant deferral / active EE

$18,300

$8,405+117.7%

$7,714+137.2%

$5,983+205.8%

Admin fee / account holder

$15,406-100.0%

$12,431-100.0%

$11,252-100.0%

KEN MARTIN AGENCY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KEN MARTIN AGENCY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion