Retirement plan

KITTLESAVE SALARY REDUCTION PLAN AND TRUST

Name: KITTLE'S HOME FURNISHINGS, INC. - KITTLESAVE SALARY REDUCTION PLAN AND TRUST (2020) Form 5500
Creator: KITTLE'S HOME FURNISHINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KITTLESAVE SALARY REDUCTION PLAN AND TRUST, KITTLE'S HOME FURNISHINGS, INC.

KITTLE'S HOME FURNISHINGS, INC.EIN 32-0395300Plan #001PY 2020

8600 ALLISONVILLE ROAD - INDIANAPOLIS, IN 46250317-558-4564LinkedIn201-500 employeesfurniture

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$11.8M

+5.4% from 2019

Total participants

215

-19.8% from 2019

Average account balance

$63,222

+30.8% from 2019

Annual return

13.08%

-5.19 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.37M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

135

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

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

+9.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$458

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
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$42,106
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 26 111 MONUMENT CIRCLE · INDIANAPOLIS, IN 46204	Advisory (Participants)	$17,116

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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 fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$405 / participant

Investment mgmt$17K26.7%
Contract admin$42K65.8%
Other / not subdivided$5K7.5%

% of EOY assets

0.541%

all-in expense ratio

Categories reported

2 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,222

$54,573+15.8%

$90,970-30.5%

$73,493-14.0%

Participation rate

82.3%

61.2%+21.1pp

69.0%+13.3pp

70.7%+11.6pp

Annual return

13.08%

16.69%-3.6pp

134.58%-121.5pp

28.51%-15.4pp

Employer contribution / active EE

$991-100.0%

$2,122-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,686

$2,517+6.7%

$3,373-20.4%

$3,740-28.2%

Admin fee / account holder

$342

$521-34.4%

$5,960-94.3%

$513-33.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$42,106

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 26

111 MONUMENT CIRCLE · INDIANAPOLIS, IN 46204

Advisory (Participants)

$17,116

KITTLESAVE SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KITTLESAVE SALARY REDUCTION PLAN AND TRUST

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