Retirement plan

KIRKLAND SHARED SERVICES, LLC 401(K) PROFIT SHARING PLAN

Name: KIRKLAND SHARED SERVICES, LLC - KIRKLAND SHARED SERVICES, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: KIRKLAND SHARED SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRKLAND SHARED SERVICES, LLC 401(K) PROFIT SHARING PLAN, KIRKLAND SHARED SERVICES, LLC

KIRKLAND SHARED SERVICES, LLCEIN 26-3916066Plan #003PY 2020

218 MAIN ST #679 - KIRKLAND, WA 98033425-803-0628kirklandoffice.comLinkedIn1-10 employeesdefense & space

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$7.6M

+9.6% from 2019

Total participants

119

-11.2% from 2019

Average account balance

$74,899

+11.8% from 2019

Annual return

14.10%

-10.99 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.04M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

156.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$495K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12070

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

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28	Investment Management	$5,708
HUNNEX AND SHOEMAKER, INC.2 years Filed as: HUNNEX & SHOEMAKER Service code 13	Contract Administrator	$1,500
MORNINGSTAR2 years Filed as: MORNINGSTAR, INC. Service code 99	Other Fees	$1,252
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE Service code 64	Recordkeeping Fees	$0
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS, LLC Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2K2R3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$44 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

1 / 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: WILLIAMS & NULLE, PLLC
Auditor EIN: 910593897
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,899

$98,776-24.2%

$149,745-50.0%

$79,856-6.2%

Participation rate

71.4%

75.8%-4.4pp

82.5%-11.1pp

69.6%+1.8pp

Annual return

14.10%

27.38%-13.3pp

276.72%-262.6pp

31.71%-17.6pp

Employer contribution / active EE

$1,904

$3,217-40.8%

$4,646-59.0%

$2,471-22.9%

Participant deferral / active EE

$10,416

$5,681+83.3%

$6,843+52.2%

$3,741+178.5%

Admin fee / account holder

$28

$6,053-99.5%

$9,312-99.7%

$5,306-99.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

Investment Management

$5,708

HUNNEX AND SHOEMAKER, INC.2 years

Filed as: HUNNEX & SHOEMAKER

Service code 13

Contract Administrator

$1,500

MORNINGSTAR2 years

Filed as: MORNINGSTAR, INC.

Service code 99

Other Fees

$1,252

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE

Service code 64

Recordkeeping Fees

RBC WEALTH MANAGEMENT1 year

Filed as: RBC CAPITAL MARKETS, LLC

Service code 55

Other Commissions

KIRKLAND SHARED SERVICES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRKLAND SHARED SERVICES, LLC 401(K) PROFIT SHARING 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