Retirement plan

KEATING MUETHING & KLEKAMP 401(K) PROFIT SHARING PLAN

Name: KEATING MUETHING & KLEKAMP PLL - KEATING MUETHING & KLEKAMP 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KEATING MUETHING & KLEKAMP PLL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEATING MUETHING & KLEKAMP 401(K) PROFIT SHARING PLAN, KEATING MUETHING & KLEKAMP PLL

KEATING MUETHING & KLEKAMP PLLEIN 31-0570030Plan #001PY 2024

1 E 4TH ST ST 1400 - CINCINNATI, OH 452023708513-579-6400kmklaw.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$179.9M

+20.2% from 2023

Total participants

297

-3.6% from 2023

Average account balance

$605,632

+21.0% from 2023

Annual return

24.39%

+11.03 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$179.87M

Not enough data

1 years with asset history on file

Average account balance

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

$606K

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.

297

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

$6.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+24.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$720

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 7 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085	Advisory (Participants)	$75,616
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$74,471
HENGEHOLD CAPITAL MANAGEMENT9+ years Service code 26 · EIN 31-1682735	Advisory (Participants)	$27,640
COMMONWEALTH FINANCIAL NETWORK9+ years Service code 26 · EIN 04-2675571	Advisory (Participants)	$20,000
JOHNSON BANK1 year Filed as: JOHNSON INVESTMENTN COUNSEL Service code 26 377 WEST FORK RD. · CINCINNATI, OH 45247	Advisory (Participants)	$5,990
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 33 · EIN 11-3658445	Other fees; Other commissions; Direct...	$5,101
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,432

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$214K

$955 / participant

Recordkeeping$3K1.6%
Investment mgmt$74K34.8%
Contract admin$136K63.6%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ, SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$605,632

$101,653+495.8%

$147,080+311.8%

$74,459+713.4%

Participation rate

100.0%

75.6%+24.4pp

82.2%+17.8pp

67.2%+32.8pp

Annual return

24.39%

8754.98%-8730.6pp

420.17%-395.8pp

1369.70%-1345.3pp

Employer contribution / active EE

$13,937

$3,813+265.5%

$4,933+182.5%

$2,626+430.8%

Participant deferral / active EE

$14,209

$7,304+94.5%

$8,066+76.2%

$4,350+226.7%

Admin fee / account holder

$720

$1,752-58.9%

$12,989-94.5%

$1,945-63.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$75,616

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$74,471

HENGEHOLD CAPITAL MANAGEMENT9+ years

Service code 26 · EIN 31-1682735

Advisory (Participants)

$27,640

COMMONWEALTH FINANCIAL NETWORK9+ years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$20,000

JOHNSON BANK1 year

Filed as: JOHNSON INVESTMENTN COUNSEL

Service code 26

377 WEST FORK RD. · CINCINNATI, OH 45247

Advisory (Participants)

$5,990

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 33 · EIN 11-3658445

Other fees; Other commissions; Direct...

$5,101

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,432

KEATING MUETHING & KLEKAMP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEATING MUETHING & KLEKAMP 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