Retirement plan

EMPLOYEE BENEFIT PLAN OF KOENIG EQUIPMENT, INC

Name: KOENIG EQUIPMENT, INC. - EMPLOYEE BENEFIT PLAN OF KOENIG EQUIPMENT, INC (2024) Form 5500
Creator: KOENIG EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF KOENIG EQUIPMENT, INC, KOENIG EQUIPMENT, INC.

KOENIG EQUIPMENT, INC.EIN 34-1152820Plan #001PY 2024

PO BOX 549 - BOTKINS, OH 45306937-693-5030koenigequipment.comLinkedIn201-500 employeesoil & energy

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.3M

+21.8% from 2023

Total participants

581

+4.5% from 2023

Average account balance

$35,869

+13.4% from 2023

Annual return

25.75%

+18.65 pp from 2023

Benchmarks

See 270 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort270 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.30M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

566

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

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

+25.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$84,205

Plan features & details

Pension benefit codes2F2G2S2T

Plan features

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$84K

$267 / participant

Investment mgmt$10K11.4%
Contract admin$73K87.3%
Other / not subdivided$1K1.4%

% of EOY assets

0.415%

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: MCCRATE, DELAET & CO
Auditor EIN: 341205613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,869

$73,149-51.0%

$120,580-70.3%

$77,762-53.9%

Participation rate

95.2%

55.2%+40.1pp

72.0%+23.3pp

70.6%+24.6pp

Annual return

25.75%

18.24%+7.5pp

107.48%-81.7pp

31.27%-5.5pp

Employer contribution / active EE

$1,431

$1,793-20.2%

$3,469-58.7%

$2,728-47.5%

Participant deferral / active EE

$4,535

$3,006+50.9%

$4,995-9.2%

$4,651-2.5%

Admin fee / account holder

$149

$660-77.4%

$9,418-98.4%

$433-65.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$84,205

EMPLOYEE BENEFIT PLAN OF KOENIG EQUIPMENT, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF KOENIG EQUIPMENT, INC

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