Retirement plan

KEY FAMILY 401K PLAN

Name: KEY BENEFIT ADMINISTRATORS - KEY FAMILY 401K PLAN (2024) Form 5500
Creator: KEY BENEFIT ADMINISTRATORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEY FAMILY 401K PLAN, KEY BENEFIT ADMINISTRATORS

KEY BENEFIT ADMINISTRATORSEIN 35-1450364Plan #002PY 2024

11100 USA PARKWAY, SUITE 3300 - FISHERS, IN 46037317-284-7100keybenefit.comLinkedIn501-1000 employeesinsurance

Prospect flagsLow returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$21.6M

+12.5% from 2023

Total participants

520

-3.3% from 2023

Average account balance

$52,778

+10.6% from 2023

Annual return

11.17%

-3.84 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.64M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

410

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.

72.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 14 · EIN 82-3719843 8415 ALLISON POINTE BLVD. SUITE 300 · INDIANAPOLIS, IN 46250	Plan Administrator	$5,158
NATIONWIDE10+ years Service code 26 ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215	Advisory (Participants)	$3,436
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$3,169
ACTIVE GRAPHICS, IC.4 years Filed as: ACTIVE-PASSIVE/IRON-CO-FID-ORTH Service code 52 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Indirect Investment Fees	$2,512
BRADLEY FOSTER & SARGENT INC1 year Filed as: BRADLEY RAY Service code 26 8330 ALLISON POINTE TRAIL · INDIANAPOLIS, IN 46250	Advisory (Participants)	$334

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$34K

$86 / participant

Recordkeeping$34K100.0%

% of EOY assets

0.157%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BARNES DENNIG
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,778

$129,227-59.2%

$184,256-71.4%

$77,762-32.1%

Participation rate

72.0%

87.4%-15.3pp

86.8%-14.8pp

70.6%+1.4pp

Annual return

11.17%

33.24%-22.1pp

28.85%-17.7pp

31.27%-20.1pp

Employer contribution / active EE

$455

$4,412-89.7%

$6,427-92.9%

$2,728-83.3%

Participant deferral / active EE

$3,740

$7,307-48.8%

$9,133-59.0%

$4,651-19.6%

Admin fee / account holder

$83

$256-67.6%

$13,899-99.4%

$433-80.9%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 14 · EIN 82-3719843

8415 ALLISON POINTE BLVD. SUITE 300 · INDIANAPOLIS, IN 46250

Plan Administrator

$5,158

NATIONWIDE10+ years

Service code 26

ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215

Advisory (Participants)

$3,436

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$3,169

ACTIVE GRAPHICS, IC.4 years

Filed as: ACTIVE-PASSIVE/IRON-CO-FID-ORTH

Service code 52 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Indirect Investment Fees

$2,512

BRADLEY FOSTER & SARGENT INC1 year

Filed as: BRADLEY RAY

Service code 26

8330 ALLISON POINTE TRAIL · INDIANAPOLIS, IN 46250

Advisory (Participants)

$334

KEY FAMILY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEY FAMILY 401K 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