Retirement plan

KEY FAMILY 401K PLAN

Name: KEY BENEFIT ADMINISTRATORS - KEY FAMILY 401K PLAN (2017) 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 2017

8330 ALLISON POINTE TRAIL - INDIANAPOLIS, IN 462501682317-284-7100keybenefit.comLinkedIn501-1000 employeesinsurance

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.5M

+19.7% from 2016

Total participants

570

-19.5% from 2016

Average account balance

$32,923

+37.2% from 2016

Annual return

15.75%

+8.13 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 19 ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215	Securities Custodian	$74,894
ITS ASSET MANAGEMENT3+ years Service code 51 · EIN 25-1775394 1720 WASHINGTON ROAD · WASHINGTON, PA 15301	Investment Mgmt Fees	$70,820
NYHART1 year Service code 14 · EIN 35-0966414 8415 ALLISON POINTE BLVD. SUITE 300 · INDIANAPOLIS, IN 46250	Plan Administrator	$10,363
KATZ, SAPPER & MILLER3+ years Service code 14 · EIN 35-2123203 800 EAST 96TH STREET, SUITE 500 · INDIANAPOLIS, IN 46240	Plan Administrator	$8,644
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 55 4211 S. 102ND STREET · OMAHA, NE 68127	Other Commissions	$30
CORNERSTONE ADVISORS ASSET MGMT3+ years Filed as: CORNERSTONE Service code 52 325 E MAIN STREET · GREENFIELD, IN 46140	Indirect Investment Fees	$0

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: GREENWALT CPAS, INC.
Auditor EIN: 351489521
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,923

$81,537-59.6%

$149,721-78.0%

$69,631-52.7%

Participation rate

65.1%

86.1%-21.1pp

87.1%-22.0pp

70.7%-5.6pp

Annual return

15.75%

22.79%-7.0pp

1501.67%-1485.9pp

27571.02%-27555.3pp

Employer contribution / active EE

$342

$3,239-89.4%

$5,444-93.7%

$2,032-83.2%

Participant deferral / active EE

$2,474

$4,994-50.5%

$6,568-62.3%

$3,224-23.2%

Admin fee / account holder

$107-100.0%

$11,282-100.0%

$110-100.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 19

ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215

Securities Custodian

$74,894

ITS ASSET MANAGEMENT3+ years

Service code 51 · EIN 25-1775394

1720 WASHINGTON ROAD · WASHINGTON, PA 15301

Investment Mgmt Fees

$70,820

NYHART1 year

Service code 14 · EIN 35-0966414

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

Plan Administrator

$10,363

KATZ, SAPPER & MILLER3+ years

Service code 14 · EIN 35-2123203

800 EAST 96TH STREET, SUITE 500 · INDIANAPOLIS, IN 46240

Plan Administrator

$8,644

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 55

4211 S. 102ND STREET · OMAHA, NE 68127

Other Commissions

$30

CORNERSTONE ADVISORS ASSET MGMT3+ years

Filed as: CORNERSTONE

Service code 52

325 E MAIN STREET · GREENFIELD, IN 46140

Indirect Investment Fees

KEY FAMILY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KEY FAMILY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion