Retirement plan

KRFC CUSTOM WOODWORKING, INC. 401(K) PROFIT SHARING PLAN

Name: KRFC CUSTOM WOODWORKING, INC. - KRFC CUSTOM WOODWORKING, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: KRFC CUSTOM WOODWORKING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRFC CUSTOM WOODWORKING, INC. 401(K) PROFIT SHARING PLAN, KRFC CUSTOM WOODWORKING, INC.

KRFC CUSTOM WOODWORKING, INC.EIN 22-3558282Plan #001PY 2018

1328 RIVER AVENUE, SUITE 24 - LAKEWOOD, NJ 08701732-363-0522njkitchenman.comLinkedIn1-10 employeesconstruction

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$427K

+1.7% from 2017

Total participants

0.0% from 2017

Average account balance

$71,214

+1.7% from 2017

Annual return

-7.19%

-27.60 pp from 2017

Benchmarks

See 38,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,940 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$922K

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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.

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

$71,214

$97,732-27.1%

$83,831-15.1%

$135,380-47.4%

Participation rate

83.3%

80.0%+3.4pp

76.1%+7.2pp

82.6%+0.7pp

Annual return

-7.19%

1287.56%-1294.7pp

850.99%-858.2pp

519.81%-527.0pp

Employer contribution / active EE

$1,793

$4,222-57.5%

$3,631-50.6%

$4,779-62.5%

Participant deferral / active EE

$4,404

$4,683-5.9%

$4,082+7.9%

$5,609-21.5%

Admin fee / account holder

$6,675-100.0%

$5,479-100.0%

$10,828-100.0%

KRFC CUSTOM WOODWORKING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KRFC CUSTOM WOODWORKING, INC. 401(K) PROFIT SHARING 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