Retirement plan

KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT PLAN

Name: KURTZ BROS., INC. - KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT PLAN (2024) Form 5500
Creator: KURTZ BROS., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT PLAN, KURTZ BROS., INC.

KURTZ BROS., INC.EIN 34-1152347Plan #001PY 2024

6415 GRANGER ROAD - INDEPENDENCE, OH 44131216-986-7000kurtz-bros.comLinkedIn51-200 employeesconsumer goods

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.7M

+15.9% from 2023

Total participants

528

+23.1% from 2023

Average account balance

$52,883

-5.2% from 2023

Annual return

13.79%

-4.36 pp from 2023

Benchmarks

See 1,405 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,405 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.75M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

468

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$70,967
COHEN & COMPANY3 years Filed as: COHEN & COMPANY, LTD Service code 10 · EIN 34-1912961 3500 EMBASSY PKWY · AKRON, OH 44333	Accounting	$19,000
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ BENEFITS & INS SERVICES, INC. Service code 13 PO BOX 632886 · CINCINNATI, OH 452632886	Contract Administrator	$11,025
CBIZ RETIREMENT PLAN SERVICES4 years Filed as: CBIZ INVESTMENT ADVISORY SERVICES L Service code 27 6050 OAK TREE BLVD S · CLEVELAND, OH 44131	Advisory (Plan)	$8

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T2X3D3H

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.
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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$101K

$243 / participant

Recordkeeping$61K60.7%
Contract admin$21K20.6%
Other / not subdivided$19K18.7%

% of EOY assets

0.407%

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: COHEN & COMPANY, LTD.
Auditor EIN: 365132517
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,883

$89,465-40.9%

$164,866-67.9%

$77,671-31.9%

Participation rate

85.5%

78.6%+6.9pp

70.6%+15.0pp

Annual return

13.79%

28.81%-15.0pp

69.97%-56.2pp

31.21%-17.4pp

Employer contribution / active EE

$1,534

$2,568-40.3%

$4,343-64.7%

$2,726-43.7%

Participant deferral / active EE

$3,970

$4,897-18.9%

$6,033-34.2%

$4,648-14.6%

Admin fee / account holder

$215

$340-36.6%

$12,689-98.3%

$430-49.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$70,967

COHEN & COMPANY3 years

Filed as: COHEN & COMPANY, LTD

Service code 10 · EIN 34-1912961

3500 EMBASSY PKWY · AKRON, OH 44333

Accounting

$19,000

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ BENEFITS & INS SERVICES, INC.

Service code 13

PO BOX 632886 · CINCINNATI, OH 452632886

Contract Administrator

$11,025

CBIZ RETIREMENT PLAN SERVICES4 years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES L

Service code 27

6050 OAK TREE BLVD S · CLEVELAND, OH 44131

Advisory (Plan)

KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT 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