Retirement plan

KELEEN LEATHERS, INC. PROFIT SHARING PLAN

Name: RICHARD A. MULLEN D/B/A KELEEN LEATHERS, INC. - KELEEN LEATHERS, INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: RICHARD A. MULLEN D/B/A KELEEN LEATHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELEEN LEATHERS, INC. PROFIT SHARING PLAN, RICHARD A. MULLEN D/B/A KELEEN LEATHERS, INC.

RICHARD A. MULLEN D/B/A KELEEN LEATHERS, INC.EIN 36-3692824Plan #002PY 2018

1010 EXECUTIVE DRIVE, SUITE 400 - WESTMONT, IL 605596156630-590-5300

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$749K

-6.5% from 2017

Total participants

+13.3% from 2017

Average account balance

$49,946

-6.5% from 2017

Annual return

-4.97%

-6.04 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$695K

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

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.

69.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$300

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

+8.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2516

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$21K

$1312 / participant

Other / not subdivided$21K100.0%

% of EOY assets

2.802%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,946

$90,607-44.9%

$79,467-37.1%

$135,380-63.1%

Participation rate

87.5%

76.0%+11.5pp

73.3%+14.2pp

82.6%+4.9pp

Annual return

-4.97%

977.74%-982.7pp

718.30%-723.3pp

519.81%-524.8pp

Employer contribution / active EE

$175

$3,068-94.3%

$2,800-93.8%

$4,779-96.3%

Participant deferral / active EE

$350

$4,050-91.4%

$3,704-90.6%

$5,609-93.8%

Admin fee / account holder

$1,399

$5,895-76.3%

$5,104-72.6%

$10,828-87.1%

KELEEN LEATHERS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELEEN LEATHERS, 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