Retirement plan

KAIVAC, INC. 401(K) PLAN

Name: KAIVAC, INC - KAIVAC, INC. 401(K) PLAN (2024) Form 5500
Creator: KAIVAC, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KAIVAC, INC. 401(K) PLAN, KAIVAC, INC

KAIVAC, INCEIN 31-1583541Plan #001PY 2024

2680 VAN HOOK AVE - HAMILTON, OH 45015513-868-4221kaivac.comLinkedIn51-200 employeesfacilities services

Other plans on this EIN

1 filing

#002Retirement-$4.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.9M

+28.3% from 2023

Total participants

167

-7.2% from 2023

Average account balance

$55,433

+39.5% from 2023

Annual return

12.27%

-3.61 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.92M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

161

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$334

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
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346	Recordkeeping	$26,990
WEALTH MANAGEMENT SYSTEMS INC2 years Filed as: 9258 WEALTH MANAGEMENT, LLC Service code 26 · EIN 82-2359200	Advisory (Participants)	$19,249

Plan features & details

Pension benefit codes2E2F2G2J3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$54K

$387 / participant

Recordkeeping$7K13.9%
Investment mgmt$19K35.8%
Contract admin$27K50.2%

% of EOY assets

0.602%

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: ANDERS MINKLER HUBER & HELM LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,433

$79,209-30.0%

$102,434-45.9%

$74,459-25.6%

Participation rate

95.7%

74.8%+20.9pp

76.5%+19.2pp

67.2%+28.5pp

Annual return

12.27%

54.98%-42.7pp

29.46%-17.2pp

1369.70%-1357.4pp

Employer contribution / active EE

$5,225

$2,362+121.2%

$3,023+72.8%

$2,626+99.0%

Participant deferral / active EE

$5,598

$4,417+26.7%

$5,055+10.7%

$4,350+28.7%

Admin fee / account holder

$334

$2,002-83.3%

$9,462-96.5%

$1,945-82.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

Recordkeeping

$26,990

WEALTH MANAGEMENT SYSTEMS INC2 years

Filed as: 9258 WEALTH MANAGEMENT, LLC

Service code 26 · EIN 82-2359200

Advisory (Participants)

$19,249

KAIVAC, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KAIVAC, INC. 401(K) 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