Retirement plan

KEY FAMILY 401K PLAN

Name: KEY BENEFIT ADMINISTRATORS - KEY FAMILY 401K PLAN (2022) 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 2022

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

Prospect flagsLow returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$16.8M

-19.4% from 2021

Total participants

518

-15.1% from 2021

Average account balance

$41,290

+2.0% from 2021

Annual return

-17.15%

-28.97 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 19 ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215	Securities Custodian	$66,328
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 14 · EIN 82-3719843 8415 ALLISON POINTE BLVD. SUITE 300 · INDIANAPOLIS, IN 46250	Plan Administrator	$23,802
ACTIVE GRAPHICS, IC.2 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	$8,514
NATIONWIDE2 years Filed as: NATIONWIDE LIFE INSURANCE Service code 23 · EIN 31-4156830 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Insurance services	$1,284
GWN SECURITIES, INC3 years Filed as: GWN SECURITIES INC Service code 51 · EIN 65-0939556 11440 N JOG RD · PALM BEACH GARDENS, FL 33418	Investment Mgmt 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

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

$36K

$85 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.212%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,290

$86,897-52.5%

$151,639-72.8%

$64,819-36.3%

Participation rate

73.7%

87.3%-13.5pp

87.5%-13.7pp

71.5%+2.3pp

Annual return

-17.15%

-3.57%-13.6pp

3.34%-20.5pp

32.84%-50.0pp

Employer contribution / active EE

$392

$4,010-90.2%

$6,165-93.6%

$2,507-84.4%

Participant deferral / active EE

$3,242

$6,690-51.5%

$8,363-61.2%

$4,311-24.8%

Admin fee / account holder

$88

$153-42.6%

$11,613-99.2%

$188-53.3%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 19

ONE NATIONWIDE PLAZA · COLUMNBUS, OH 43215

Securities Custodian

$66,328

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 14 · EIN 82-3719843

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

Plan Administrator

$23,802

ACTIVE GRAPHICS, IC.2 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

$8,514

NATIONWIDE2 years

Filed as: NATIONWIDE LIFE INSURANCE

Service code 23 · EIN 31-4156830

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Insurance services

$1,284

GWN SECURITIES, INC3 years

Filed as: GWN SECURITIES INC

Service code 51 · EIN 65-0939556

11440 N JOG RD · PALM BEACH GARDENS, FL 33418

Investment Mgmt Fees

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