Retirement plan

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

Name: KURTZ BROS., INC. - KURTZ BROS., INC. 401(K) PROFIT SHARING & RETIREMENT PLAN (2017) 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 2017

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

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.3M

+11.5% from 2016

Total participants

233

-11.7% from 2016

Average account balance

$83,200

+23.3% from 2016

Annual return

13.07%

+15.27 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$51,868
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ FINANCIAL SOLUTIONS INC Service code 27 PO BOX 643792 · CINCINNATI, OH 45226	Advisory (Plan)	$27,855
WALTHALL, LLP1 year Filed as: WALTHALL LLP Service code 29 6300 ROCKSIDE ROAD · CLEVELAND, OH 44131	Legal	$13,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS SERV INC. Service code 99 PO BOX 632886 · CINCINNATI, OH 452632886	Other Fees	$7,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERV Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$806
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE, INC Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$44
TD AMERITRADE, INC.2+ years Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$346 / participant

Contract admin$53K79.7%
Other / not subdivided$14K20.3%

% of EOY assets

0.384%

all-in expense ratio

Categories reported

1 / 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: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,200

$71,192+16.9%

$117,861-29.4%

$62,293+33.6%

Participation rate

87.0%

74.2%+12.7pp

79.7%+7.3pp

69.5%+17.5pp

Annual return

13.07%

18.66%-5.6pp

335.11%-322.0pp

28.90%-15.8pp

Employer contribution / active EE

$1,030

$1,934-46.7%

$3,786-72.8%

$2,042-49.6%

Participant deferral / active EE

$2,711

$3,189-15.0%

$4,482-39.5%

$3,169-14.4%

Admin fee / account holder

$320

$587-45.6%

$8,021-96.0%

$479-33.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$51,868

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ FINANCIAL SOLUTIONS INC

Service code 27

PO BOX 643792 · CINCINNATI, OH 45226

Advisory (Plan)

$27,855

WALTHALL, LLP1 year

Filed as: WALTHALL LLP

Service code 29

6300 ROCKSIDE ROAD · CLEVELAND, OH 44131

Legal

$13,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS SERV INC.

Service code 99

PO BOX 632886 · CINCINNATI, OH 452632886

Other Fees

$7,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERV

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$806

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE, INC

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$44

TD AMERITRADE, INC.2+ years

Service code 33

Securities brokerage

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