Retirement plan

KILWIN'S QUALITY CONFECTIONS, INC. 401(K) & RETIREMENT PLAN

Name: KILWINS QUALITY CONFECTIONS, INC. - KILWIN'S QUALITY CONFECTIONS, INC. 401(K) & RETIREMENT PLAN (2020) Form 5500
Creator: KILWINS QUALITY CONFECTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KILWIN'S QUALITY CONFECTIONS, INC. 401(K) & RETIREMENT PLAN, KILWINS QUALITY CONFECTIONS, INC.

KILWINS QUALITY CONFECTIONS, INC.EIN 38-3220969Plan #001PY 2020

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

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$8.5M

+11.0% from 2019

Total participants

120

+4.3% from 2019

Average account balance

$84,586

+8.8% from 2019

Annual return

13.25%

-11.74 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS1 year Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$22,043

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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$25K

$241 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.297%

all-in expense ratio

Categories reported

0 / 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: BEENEGARTER LLP
Auditor EIN: 381337372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,586

$54,590+54.9%

$81,716+3.5%

$73,493+15.1%

Participation rate

80.8%

68.3%+12.5pp

72.0%+8.8pp

70.7%+10.1pp

Annual return

13.25%

17.74%-4.5pp

29.49%-16.2pp

28.51%-15.3pp

Employer contribution / active EE

$3,033

$1,636+85.4%

$4,310-29.6%

$2,270+33.6%

Participant deferral / active EE

$4,610

$2,759+67.1%

$7,108-35.1%

$3,740+23.3%

Admin fee / account holder

$251

$592-57.6%

$5,159-95.1%

$513-51.1%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS1 year

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$22,043

KILWIN'S QUALITY CONFECTIONS, INC. 401(K) & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KILWIN'S QUALITY CONFECTIONS, INC. 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