Retirement plan

KITCHEN KOMPACT, INC. PROFIT SHARING PLAN

Name: KITCHEN KOMPACT, INC. - KITCHEN KOMPACT, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: KITCHEN KOMPACT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KITCHEN KOMPACT, INC. PROFIT SHARING PLAN, KITCHEN KOMPACT, INC.

KITCHEN KOMPACT, INC.EIN 35-1048077Plan #001PY 2023

P.O. BOX 868, 911 EAST ELEVENTH STREET - JEFFERSONVILLE, IN 471310868812-282-6681kitchenkompact.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$28.2M

-0.3% from 2022

Total participants

267

+21.9% from 2022

Average account balance

$109,624

-17.7% from 2022

Annual return

1.48%

+1.52 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.16M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

217

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$415K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES AND ASSOCIATES, INC. Service code 16 · EIN 59-1237041	Consulting	$27,036
USI CONSULTING GROUP2 years Service code 14 · EIN 06-1053228	Plan Administrator	$23,478
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 21 · EIN 82-3967259	Bank Trustee	$10,837

Plan features & details

Pension benefit codes2A2E2H2J

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant 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

$62K

$235 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,624

$84,784+29.3%

$98,461+11.3%

$74,460+47.2%

Participation rate

96.2%

81.5%+14.7pp

75.2%+21.0pp

70.7%+25.4pp

Annual return

1.48%

20.59%-19.1pp

21.17%-19.7pp

34.38%-32.9pp

Employer contribution / active EE

$2,731

$3,364-18.8%

$3,049-10.4%

$2,638+3.5%

Participant deferral / active EE

$1,003

$5,218-80.8%

$4,738-78.8%

$4,530-77.8%

Admin fee / account holder

$240

$204+17.2%

$8,961-97.3%

$348-31.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES AND ASSOCIATES, INC.

Service code 16 · EIN 59-1237041

Consulting

$27,036

USI CONSULTING GROUP2 years

Service code 14 · EIN 06-1053228

Plan Administrator

$23,478

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 21 · EIN 82-3967259

Bank Trustee

$10,837

KITCHEN KOMPACT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KITCHEN KOMPACT, INC. 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