Retirement plan

KING MILLING COMPANY 401(K) PROFIT SHARING TRUST

Name: KING MILLING COMPANY - KING MILLING COMPANY 401(K) PROFIT SHARING TRUST (2017) Form 5500
Creator: KING MILLING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KING MILLING COMPANY 401(K) PROFIT SHARING TRUST, KING MILLING COMPANY

KING MILLING COMPANYEIN 38-0718190Plan #002PY 2017

115 S. BROADWAY - LOWELL, MI 49331616-897-9264kingflour.comLinkedIn11-50 employeesfood production

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$14.9M

+17.0% from 2016

Total participants

+3.8% from 2016

Average account balance

$270,256

+12.8% from 2016

Annual return

17.44%

+6.72 pp from 2016

Benchmarks

See 2,343 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,343 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.16M

Not enough data

1 years with asset history on file

Average account balance

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

$327K

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.

132.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16048

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$554K

$10866 / participant

Other / not subdivided$554K100.0%

% of EOY assets

3.728%

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

$270,256

$57,065+373.6%

$75,670+257.2%

$70,131+285.4%

Participation rate

100.0%

68.1%+31.9pp

72.3%+27.7pp

69.5%+30.5pp

Annual return

17.44%

23.57%-6.1pp

27.34%-9.9pp

73.14%-55.7pp

Employer contribution / active EE

$4,216

$1,817+132.1%

$2,352+79.3%

$2,342+80.0%

Participant deferral / active EE

$5,105

$2,580+97.9%

$3,142+62.5%

$3,332+53.2%

Admin fee / account holder

$10,075

$3,825+163.4%

$5,800+73.7%

$4,645+116.9%

KING MILLING COMPANY 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KING MILLING COMPANY 401(K) PROFIT SHARING TRUST

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