Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF KENOSHA AREA FAMILY AND AGING SERVICES, INC.

Name: KENOSHA AREA FAMILY AND AGING - 403(B) THRIFT PLAN FOR EMPLOYEES OF KENOSHA AREA FAMILY AND AGING SERVICES, INC. (2022) Form 5500
Creator: KENOSHA AREA FAMILY AND AGING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF KENOSHA AREA FAMILY AND AGING SERVICES, INC., KENOSHA AREA FAMILY AND AGING

KENOSHA AREA FAMILY AND AGINGEIN 39-1132382Plan #002PY 2022

7730 SHERIDAN RD - KENOSHA, WI 531431518262-658-3508

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.7M

-12.9% from 2021

Total participants

+33.3% from 2021

Average account balance

$31,278

-11.3% from 2021

Annual return

-13.30%

-26.25 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.30M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

136.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1288

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 codes2G2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$1267 / participant

Other / not subdivided$68K100.0%

% of EOY assets

3.978%

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

$31,278

$73,863-57.7%

$143,797-78.2%

$68,490-54.3%

Participation rate

61.1%

66.7%-5.6pp

80.3%-19.2pp

67.9%-6.8pp

Annual return

-13.30%

0.91%-14.2pp

-0.04%-13.3pp

-7.85%-5.4pp

Employer contribution / active EE

$189

$3,185-94.1%

$4,952-96.2%

$2,597-92.7%

Participant deferral / active EE

$1,194

$3,385-64.7%

$5,638-78.8%

$4,028-70.4%

Admin fee / account holder

$1,244

$5,756-78.4%

$14,679-91.5%

$5,403-77.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF KENOSHA AREA FAMILY AND AGING SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF KENOSHA AREA FAMILY AND AGING SERVICES, INC.

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