Retirement plan

KMW GROUP, INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN

Name: KMW GROUP, INC. - KMW GROUP, INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: KMW GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KMW GROUP, INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN, KMW GROUP, INC.

KMW GROUP, INC.EIN 38-2639221Plan #001PY 2017

5085 CORPORATE EXCHANGE BLVD SE - GRAND RAPIDS, MI 49512616-656-2900LinkedIn1-10 employeesprofessional training & coaching

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$19.6M

+21.0% from 2016

Total participants

165

+5.1% from 2016

Average account balance

$118,506

+14.4% from 2016

Annual return

15.40%

+6.96 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.14M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

210

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 4 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$40,395
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$32,500
BMO HARRIS BANK NA3+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0
FIRST CLEARING LLC1 year Service code 71 ONE NORTH JEFFERSON, H0005-072 · ST. LOUIS, MO 63103	Brokerage Fees	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2R2S2T3D3H

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).
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$73K

$532 / participant

Investment mgmt$21K29.0%
Other / not subdivided$52K71.0%

% of EOY assets

0.373%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,506

$71,192+66.5%

$117,861+0.5%

$62,293+90.2%

Participation rate

100.0%

74.2%+25.8pp

79.7%+20.3pp

69.5%+30.5pp

Annual return

15.40%

18.66%-3.3pp

335.11%-319.7pp

28.90%-13.5pp

Employer contribution / active EE

$6,936

$1,934+258.7%

$3,786+83.2%

$2,042+239.6%

Participant deferral / active EE

$4,266

$3,189+33.8%

$4,482-4.8%

$3,169+34.6%

Admin fee / account holder

$442

$587-24.8%

$8,021-94.5%

$479-7.8%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$40,395

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$32,500

BMO HARRIS BANK NA3+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

FIRST CLEARING LLC1 year

Service code 71

ONE NORTH JEFFERSON, H0005-072 · ST. LOUIS, MO 63103

Brokerage Fees

KMW GROUP, INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KMW GROUP, INC. PROFIT-SHARING AND RETIREMENT SAVINGS 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