Retirement plan

KOOPS INC. 401(K) PLAN

Name: KOOPS, INC. - KOOPS INC. 401(K) PLAN (2024) Form 5500
Creator: KOOPS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOOPS INC. 401(K) PLAN, KOOPS, INC.

KOOPS, INC.EIN 38-3266325Plan #001PY 2024

987 PRODUCTIONS COURT - HOLLAND, MI 49423616-395-0230

Other plans on this EIN

1 filing

#002Retirement-$42.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$21.9M

+28.3% from 2023

Total participants

347

+2.1% from 2023

Average account balance

$68,445

+23.1% from 2023

Annual return

19.35%

-10.22 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.90M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

320

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISOR NETWORKS Service code 27 200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245	Advisory (Plan)	$41,999
THE VANGUARD GROUP, INC.7 years Filed as: THE VANGUARD GROUP Service code 13 · EIN 23-1945930	Contract Administrator	$23,060
DOEREN MAYHEW1 year Service code 15 56 GRANDVILLE AVE. · GRAND RAPIDS, MI 49503	Recordkeeping	$14,450
REHMANN ROBSON2 years Service code 10 5800 GRATIOT ROAD · SAGINAW, MI 48605	Accounting	$7,501

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$87K

$280 / participant

Recordkeeping$23K26.5%
Investment mgmt$42K48.3%
Contract admin$14K16.6%
Other / not subdivided$8K8.6%

% of EOY assets

0.397%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: $7,501
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,445

$106,264-35.6%

$147,117-53.5%

$77,762-12.0%

Participation rate

91.3%

78.4%+12.9pp

82.2%+9.1pp

70.6%+20.7pp

Annual return

19.35%

56.94%-37.6pp

420.54%-401.2pp

31.27%-11.9pp

Employer contribution / active EE

$1,572

$4,074-61.4%

$4,932-68.1%

$2,728-42.4%

Participant deferral / active EE

$5,682

$8,003-29.0%

$8,065-29.5%

$4,651+22.2%

Admin fee / account holder

$272

$334-18.7%

$12,993-97.9%

$433-37.2%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISOR NETWORKS

Service code 27

200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245

Advisory (Plan)

$41,999

THE VANGUARD GROUP, INC.7 years

Filed as: THE VANGUARD GROUP

Service code 13 · EIN 23-1945930

Contract Administrator

$23,060

DOEREN MAYHEW1 year

Service code 15

56 GRANDVILLE AVE. · GRAND RAPIDS, MI 49503

Recordkeeping

$14,450

REHMANN ROBSON2 years

Service code 10

5800 GRATIOT ROAD · SAGINAW, MI 48605

Accounting

$7,501

KOOPS INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOOPS INC. 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