Retirement plan

KREG THERAPEUTICS, INC 401(K) PROFIT SHARING PLAN

Name: KREG THERAPEUTICS, INC. - KREG THERAPEUTICS, INC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: KREG THERAPEUTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KREG THERAPEUTICS, INC 401(K) PROFIT SHARING PLAN, KREG THERAPEUTICS, INC.

KREG THERAPEUTICS, INC.EIN 36-4111215Plan #003PY 2019

1940 JANICE AVENUE - MELROSE PARK, IL 60160868-760-5734

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.4M

+5.0% from 2018

Total participants

116

-11.5% from 2018

Average account balance

$54,760

+33.5% from 2018

Annual return

2.51%

+3.90 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.80M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$117K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6690

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
SASSETTI LLC1 year Service code 10 6611 W NORTH AVE · OAK PARK, IL 60302	Accounting	$26,619
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754	Recordkeeping	$6,760

Plan features & details

Pension benefit codes2A2E3D2G2J2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$428 / participant

Contract admin$7K20.3%
Other / not subdivided$27K79.7%

% of EOY assets

0.753%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: SASSETTI LLC
Auditor EIN: 362239746
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,760

$85,169-35.7%

$172,755-68.3%

$72,983-25.0%

Participation rate

55.1%

70.1%-14.9pp

82.6%-27.5pp

69.5%-14.4pp

Annual return

2.51%

27.32%-24.8pp

802.94%-800.4pp

81.01%-78.5pp

Employer contribution / active EE

$2,314

$3,324-30.4%

$5,144-55.0%

$2,440-5.2%

Participant deferral / active EE

$1,593

$3,260-51.1%

$5,198-69.4%

$3,608-55.8%

Admin fee / account holder

$412

$5,880-93.0%

$13,955-97.0%

$5,124-92.0%

Provider

Service type

Compensation

SASSETTI LLC1 year

Service code 10

6611 W NORTH AVE · OAK PARK, IL 60302

Accounting

$26,619

ASCENSUS LLC2 years

Service code 15 · EIN 11-3665754

Recordkeeping

$6,760

KREG THERAPEUTICS, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KREG THERAPEUTICS, INC 401(K) 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