Retirement plan

KILWINS QUALITY CONFECTIONS, LLC 401(K) & RETIREMENT PLAN

Name: KILWINS QUALITY CONFECTIONS, LLC - KILWINS QUALITY CONFECTIONS, LLC 401(K) & RETIREMENT PLAN (2024) Form 5500
Creator: KILWINS QUALITY CONFECTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KILWINS QUALITY CONFECTIONS, LLC 401(K) & RETIREMENT PLAN, KILWINS QUALITY CONFECTIONS, LLC

KILWINS QUALITY CONFECTIONS, LLCEIN 38-3220969Plan #001PY 2024

1050 BAY VIEW ROAD - PETOSKEY, MI 49770231-758-3901LinkedIn51-200 employeesfood production

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$9.6M

+2.6% from 2023

Total participants

190

+8.6% from 2023

Average account balance

$56,118

+2.6% from 2023

Annual return

12.11%

-8.44 pp from 2023

Benchmarks

See 942 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort942 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.60M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

171

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 2 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS5 years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$28,517
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$5,082

Plan features & details

Pension benefit codes2E2F2G2J2R3H3D2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$34K

$247 / participant

Recordkeeping$29K84.9%
Trustee / custodial$5K14.4%
Other / not subdivided$2450.7%

% of EOY assets

0.350%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,118

$62,146-9.7%

$81,438-31.1%

$74,546-24.7%

Participation rate

86.0%

64.1%+22.0pp

69.5%+16.5pp

67.2%+18.8pp

Annual return

12.11%

16.49%-4.4pp

24.74%-12.6pp

1366.03%-1353.9pp

Employer contribution / active EE

$2,210

$1,883+17.4%

$2,460-10.2%

$2,624-15.8%

Participant deferral / active EE

$5,515

$3,229+70.8%

$3,883+42.0%

$4,347+26.9%

Admin fee / account holder

$196

$1,922-89.8%

$5,764-96.6%

$1,944-89.9%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS5 years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$28,517

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$5,082

KILWINS QUALITY CONFECTIONS, LLC 401(K) & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KILWINS QUALITY CONFECTIONS, LLC 401(K) & RETIREMENT 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