Retirement plan

KENNETH'S DESIGN GROUP, INC 401(K)

Name: KENNETH'S HAIR SALON & DAY SPA, INC - KENNETH'S DESIGN GROUP, INC 401(K) (2020) Form 5500
Creator: KENNETH'S HAIR SALON & DAY SPA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNETH'S DESIGN GROUP, INC 401(K), KENNETH'S HAIR SALON & DAY SPA, INC

KENNETH'S HAIR SALON & DAY SPA, INCEIN 31-0956790Plan #002PY 2020

5151 REED ROAD, SUITE 250B - COLUMBUS, OH 43220614-324-2409LinkedIn11-50 employeesindividual & family services

Other plans on this EIN

1 filing

#004Retirement-$42.1M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$9.3M

+17.0% from 2019

Total participants

306

-4.4% from 2019

Average account balance

$35,505

+19.7% from 2019

Annual return

13.62%

-7.54 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.90M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

249

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$25,850
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 13 1801 CALIFORNIA ST · DENVER, CO 80202	Contract Administrator	$9,259

Plan features & details

Pension benefit codes2S2E3D2G2J2F2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$123 / participant

Investment mgmt$9K26.4%
Contract admin$26K73.6%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

2 / 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: HILL, BARTH & KING LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,505

$64,286-44.8%

$90,970-61.0%

$73,412-51.6%

Participation rate

84.6%

63.6%+21.0pp

69.0%+15.6pp

72.2%+12.4pp

Annual return

13.62%

21.46%-7.8pp

134.60%-121.0pp

59.30%-45.7pp

Employer contribution / active EE

$895-99.9%

$2,122-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,091

$2,453-14.8%

$3,373-38.0%

$3,806-45.1%

Admin fee / account holder

$134

$287-53.3%

$5,961-97.8%

$158-15.1%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$25,850

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 13

1801 CALIFORNIA ST · DENVER, CO 80202

Contract Administrator

$9,259

KENNETH'S DESIGN GROUP, INC 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNETH'S DESIGN GROUP, INC 401(K)

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