Retirement plan

KOLCRAFT ENTERPRISES, INC. 401K PLAN

Name: KOLCRAFT ENTERPRISES, INC. - KOLCRAFT ENTERPRISES, INC. 401K PLAN (2024) Form 5500
Creator: KOLCRAFT ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOLCRAFT ENTERPRISES, INC. 401K PLAN, KOLCRAFT ENTERPRISES, INC.

KOLCRAFT ENTERPRISES, INC.EIN 36-3337917Plan #003PY 2024

1100 W MONROE ST - CHICAGO, IL 606072507312-361-6414kolcraft.comLinkedIn201-500 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement-$5.7M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$8.5M

+1.4% from 2023

Total participants

166

-17.4% from 2023

Average account balance

$82,387

+21.1% from 2023

Annual return

12.63%

-3.26 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.49M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

103

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.

49.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$408K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 99 · EIN 47-1411118 5100 POPLAR AVE #2123 · MEMPHIS, TN 38137	Other Fees	$16,025
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$5,184
DCS RETIRE, INC.1 year Service code 49 1780 FERNCREEK DR · ST AUGUSTINE, FL 32092	Other Services	$4,222
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$802
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 ONE ORANGE WAY · WINDSOR, CT 06095	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$133 / participant

Contract admin$17K100.0%

% of EOY assets

0.196%

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: MILLER, COOPER & CO., LTD.
Auditor EIN: 362897372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,387

$79,223+4.0%

$102,460-19.6%

$74,478+10.6%

Participation rate

49.6%

74.8%-25.2pp

76.5%-26.9pp

67.2%-17.6pp

Annual return

12.63%

54.98%-42.3pp

29.47%-16.8pp

1370.56%-1357.9pp

Employer contribution / active EE

$73

$2,363-96.9%

$3,025-97.6%

$2,626-97.2%

Participant deferral / active EE

$3,191

$4,417-27.8%

$5,056-36.9%

$4,350-26.6%

Admin fee / account holder

$162

$2,003-91.9%

$9,460-98.3%

$1,946-91.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 99 · EIN 47-1411118

5100 POPLAR AVE #2123 · MEMPHIS, TN 38137

Other Fees

$16,025

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$5,184

DCS RETIRE, INC.1 year

Service code 49

1780 FERNCREEK DR · ST AUGUSTINE, FL 32092

Other Services

$4,222

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$802

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 64 · EIN 71-0294708

ONE ORANGE WAY · WINDSOR, CT 06095

Recordkeeping Fees

KOLCRAFT ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOLCRAFT ENTERPRISES, INC. 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