Retirement plan

NORTHWESTERN TECHNOLOGICAL INSTITUTE 401(K) PLAN

Name: KINGS II CORPORATION D/B/A/ NW TECH. INSTITUTE - NORTHWESTERN TECHNOLOGICAL INSTITUTE 401(K) PLAN (2019) Form 5500
Creator: KINGS II CORPORATION D/B/A/ NW TECH. INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWESTERN TECHNOLOGICAL INSTITUTE 401(K) PLAN, KINGS II CORPORATION D/B/A/ NW TECH. INSTITUTE

KINGS II CORPORATION D/B/A/ NW TECH. INSTITUTEEIN 38-2904854Plan #001PY 2019

24567 NORTHWESTERN HWY., SUITE 200 - SOUTHFIELD, MI 48075248-358-4006

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

+32.2% from 2018

Total participants

+12.8% from 2018

Average account balance

$104,482

+10.2% from 2018

Annual return

21.56%

+32.42 pp from 2018

Benchmarks

See 3,902 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,902 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

25.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113K

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25134

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 codes2F2G2J2T3D

Plan features

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

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

$3K

$65 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.217%

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

$104,482

$45,079+131.8%

$69,461+50.4%

$72,983+43.2%

Participation rate

23.8%

68.5%-44.7pp

74.6%-50.8pp

69.5%-45.7pp

Annual return

21.56%

22.65%-1.1pp

28.97%-7.4pp

81.01%-59.4pp

Employer contribution / active EE

$2,055-100.0%

$2,779-100.0%

$2,440-100.0%

Participant deferral / active EE

$2,465

$2,603-5.3%

$3,536-30.3%

$3,608-31.7%

Admin fee / account holder

$227

$3,056-92.6%

$3,840-94.1%

$5,124-95.6%

NORTHWESTERN TECHNOLOGICAL INSTITUTE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWESTERN TECHNOLOGICAL INSTITUTE 401(K) 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