Retirement plan

KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN

Name: KIRK NATIONALEASE ADMINISTRATION COMPANY - KIRK NATIONALEASE CO. 401(K) PROFIT SHARING PLAN (2016) 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 2016

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

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$2.7M

+1.6% from 2015

Total participants

143

-9.5% from 2015

Average account balance

$21,577

+8.8% from 2015

Annual return

5.11%

+5.92 pp from 2015

Benchmarks

See 906 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort906 peers

Snapshot2016

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MONNIER & CO2+ years Service code 10 · EIN 34-1236295	Accounting	$8,500
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,348
ANDERSON & REED, LLP2+ years Filed as: ANDERSON, PETER J. Service code 49 4555 LAKE FOREST DR · CINCINNATI, OH 45242	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$12K

$94 / participant

Contract admin$3K28.3%
Other / not subdivided$8K71.7%

% of EOY assets

0.432%

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: MONNIER & CO
Auditor EIN: 341236295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,577

$32,425-33.5%

$74,577-71.1%

$55,167-60.9%

Participation rate

87.3%

54.0%+33.3pp

68.1%+19.2pp

69.0%+18.3pp

Annual return

5.11%

10.63%-5.5pp

20.47%-15.4pp

169.23%-164.1pp

Employer contribution / active EE

$1,043-100.0%

$2,525-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,718

$1,995-13.9%

$3,458-50.3%

$3,054-43.8%

Admin fee / account holder

$93

$748-87.5%

$4,138-97.7%

$504-81.5%

Provider

Service type

Compensation

MONNIER & CO2+ years

Service code 10 · EIN 34-1236295

Accounting

$8,500

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,348

ANDERSON & REED, LLP2+ years

Filed as: ANDERSON, PETER J.

Service code 49

4555 LAKE FOREST DR · CINCINNATI, OH 45242

Other Services

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

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