Retirement plan

KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN

Name: KIRK NATIONALEASE ADMINISTRATION COMPANY - KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KIRK NATIONALEASE ADMINISTRATION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN, KIRK NATIONALEASE ADMINISTRATION COMPANY

KIRK NATIONALEASE ADMINISTRATION COMPANYEIN 34-1809423Plan #001PY 2024

3885 W MICHIGAN ST - SIDNEY, OH 453658623937-498-1151

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6M

+12.0% from 2023

Total participants

205

+0.5% from 2023

Average account balance

$30,405

+9.7% from 2023

Annual return

13.73%

-3.51 pp from 2023

Benchmarks

See 1,414 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,414 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.96M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

196

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

$784K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$513

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
FISHER INVESTMENTS1 year Filed as: FISHER ASSET MANAGEMENT Service code 49 · EIN 20-2480800	Other Services	$51,834
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$37,162
MONNIER & CO10+ years Service code 10 · EIN 34-1236295	Accounting	$11,550

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

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

$101K

$578 / participant

Investment mgmt$52K51.6%
Contract admin$37K37.0%
Other / not subdivided$12K11.5%

% of EOY assets

1.687%

all-in expense ratio

Categories reported

2 / 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: MONNIER & CO CPA'S
Auditor EIN: 341236295
Audit fees: $11,550
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,405

$45,123-32.6%

$85,240-64.3%

$74,478-59.2%

Participation rate

94.8%

49.4%+45.5pp

67.5%+27.3pp

67.2%+27.6pp

Annual return

13.73%

26.32%-12.6pp

66.75%-53.0pp

1370.56%-1356.8pp

Employer contribution / active EE

$898

$1,459-38.5%

$2,735-67.2%

$2,626-65.8%

Participant deferral / active EE

$3,606

$2,736+31.8%

$4,527-20.4%

$4,350-17.1%

Admin fee / account holder

$513

$2,215-76.8%

$6,165-91.7%

$1,946-73.6%

Provider

Service type

Compensation

FISHER INVESTMENTS1 year

Filed as: FISHER ASSET MANAGEMENT

Service code 49 · EIN 20-2480800

Other Services

$51,834

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$37,162

MONNIER & CO10+ years

Service code 10 · EIN 34-1236295

Accounting

$11,550

KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRK NATIONALEASE CO. 401(K) PROFIT SHARING 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