Retirement plan

KTM NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: KTM NORTH AMERICA, INC. - KTM NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: KTM NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KTM NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN AND TRUST, KTM NORTH AMERICA, INC.

KTM NORTH AMERICA, INC.EIN 34-1701652Plan #001PY 2024

30125 KTM WAY - MURRIETA, CA 92563951-600-8007

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.9M

+21.8% from 2023

Total participants

404

-4.5% from 2023

Average account balance

$59,004

+20.6% from 2023

Annual return

17.12%

-3.29 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.89M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

388

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$54,312
MMA SECURITIES LLC7 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392	Advisory (Plan)	$47,569
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 38-1357951	Accounting	$21,175

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2U

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.
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.

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

$123K

$401 / participant

Recordkeeping$54K44.1%
Investment mgmt$48K38.7%
Other / not subdivided$21K17.2%

% of EOY assets

0.538%

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: MEIHAUS CPA, PC
Auditor EIN: 880926982
Audit fees: $21,175
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,004

$89,465-34.0%

$165,071-64.3%

$77,736-24.1%

Participation rate

94.8%

78.6%+16.1pp

78.6%+16.2pp

70.6%+24.2pp

Annual return

17.12%

28.86%-11.7pp

70.17%-53.0pp

31.26%-14.1pp

Employer contribution / active EE

$2,145

$2,565-16.3%

$4,347-50.7%

$2,728-21.3%

Participant deferral / active EE

$6,525

$4,904+33.0%

$6,035+8.1%

$4,651+40.3%

Admin fee / account holder

$317

$340-6.7%

$12,695-97.5%

$433-26.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$54,312

MMA SECURITIES LLC7 years

Filed as: MMA SECURITIES

Service code 27 · EIN 22-3570392

Advisory (Plan)

$47,569

PLANTE & MORAN, PLLC1 year

Service code 10 · EIN 38-1357951

Accounting

$21,175

KTM NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KTM NORTH AMERICA INC. 401(K) PROFIT SHARING 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