Retirement plan

KHAN ACADEMY, INC. 401(K) SAFE HARBOR PLAN

Name: KHAN ACADEMY, INC. - KHAN ACADEMY, INC. 401(K) SAFE HARBOR PLAN (2017) Form 5500
Creator: KHAN ACADEMY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KHAN ACADEMY, INC. 401(K) SAFE HARBOR PLAN, KHAN ACADEMY, INC.

KHAN ACADEMY, INC.EIN 26-1544963Plan #001PY 2017

PO BOX 1630 - MOUNTAIN VIEW, CA 94042650-336-5426khanacademy.orgLinkedIn51-200 employeese-learning

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

+63.0% from 2016

Total participants

191

+13.7% from 2016

Average account balance

$41,561

+30.2% from 2016

Annual return

27.14%

+12.36 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.36M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

435

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+20.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 5 by compensation

Provider	Service type	Compensation
SKYLINE FINANCIAL NORTHWEST1 year Service code 27 · EIN 26-2093287 2121 SW BROADWAY · PORTLAND, OR 97201	Advisory (Plan)	$7,433
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA RETIREMENT PLAN SPECIALISTS Service code 14 · EIN 94-3324288 2125 OAK GROVE ROAD · WALNUT CREEK, CA 94598	Plan Administrator	$5,362
ASPIRE FINANCIAL SERVICES1 year Filed as: ASPIRE FINANICAL SERVICES LLC Service code 64 · EIN 27-1033755 4010 BOY SCOUT BOULEVARD · TAMPA, FL 33607	Recordkeeping Fees	$4,965
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$3,056
LT TRUST COMPANY1 year Filed as: MG TRUST COMPANY, LLC Service code 19 · EIN 75-3182674 717 17TH STREET · DENVER, CO 80202	Securities Custodian	$2,045

Plan features & details

Pension benefit codes2F2G2J2K2S2E2T3D3H

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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$24K

$167 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.353%

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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,561

$57,976-28.3%

$63,018-34.0%

$62,293-33.3%

Participation rate

81.3%

75.9%+5.3pp

74.8%+6.4pp

69.5%+11.7pp

Annual return

27.14%

17.54%+9.6pp

87.62%-60.5pp

28.90%-1.8pp

Employer contribution / active EE

$3,876

$2,415+60.5%

$2,761+40.4%

$2,042+89.8%

Participant deferral / active EE

$8,599

$2,956+190.9%

$3,330+158.3%

$3,169+171.3%

Admin fee / account holder

$147

$276-46.8%

$3,601-95.9%

$479-69.4%

Provider

Service type

Compensation

SKYLINE FINANCIAL NORTHWEST1 year

Service code 27 · EIN 26-2093287

2121 SW BROADWAY · PORTLAND, OR 97201

Advisory (Plan)

$7,433

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA RETIREMENT PLAN SPECIALISTS

Service code 14 · EIN 94-3324288

2125 OAK GROVE ROAD · WALNUT CREEK, CA 94598

Plan Administrator

$5,362

ASPIRE FINANCIAL SERVICES1 year

Filed as: ASPIRE FINANICAL SERVICES LLC

Service code 64 · EIN 27-1033755

4010 BOY SCOUT BOULEVARD · TAMPA, FL 33607

Recordkeeping Fees

$4,965

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

$3,056

LT TRUST COMPANY1 year

Filed as: MG TRUST COMPANY, LLC

Service code 19 · EIN 75-3182674

717 17TH STREET · DENVER, CO 80202

Securities Custodian

$2,045

KHAN ACADEMY, INC. 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KHAN ACADEMY, INC. 401(K) SAFE HARBOR 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