Retirement plan

THE KOPP'S GROUP 401(K) PLAN

Name: KOHART, INC. - THE KOPP'S GROUP 401(K) PLAN (2021) Form 5500
Creator: KOHART, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE KOPP'S GROUP 401(K) PLAN, KOHART, INC.

KOHART, INC.EIN 39-1145554Plan #001PY 2021

833 N. JEFFERSON ST - MILWAUKEE, WI 53202414-765-1223LinkedIn51-200 employeesrestaurants

Prospect flagsLow returnsHigh feesHigh cashLow participation

How to read this page

Total assets (EOY)

$6.5M

+9.2% from 2020

Total participants

117

-0.8% from 2020

Average account balance

$83,460

+19.0% from 2020

Annual return

11.36%

-1.94 pp from 2020

Benchmarks

See 903 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort903 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.47M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$334K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4511

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 COMPANY · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$41,808
BAIRD FUNDS5 years Filed as: ROBERT W BAIRD & CO, INC. Service code 55	Other Commissions	$24,325
BLUE CHIP RETIREMENT PLANS, INC.5 years Service code 99 6737 W WASHINGTON ST. · MILWAUKEE, WI 53214	Other Fees	$6,693
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,516
BAIRD FUNDS5 years Filed as: ROBERT W BAIRD & CO, INCORPORATED Service code 55 777 E WISCONSIN AVE · MILWAUKEE, WI 53201	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$45K

$441 / participant

Contract admin$45K100.0%

% of EOY assets

0.697%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,460

$39,286+112.4%

$80,716+3.4%

$79,386+5.1%

Participation rate

62.1%

41.0%+21.2pp

54.2%+8.0pp

70.7%-8.6pp

Annual return

11.36%

98.95%-87.6pp

87.28%-75.9pp

116.85%-105.5pp

Employer contribution / active EE

$753

$594+26.7%

$1,160-35.1%

$2,427-69.0%

Participant deferral / active EE

$2,662

$1,264+110.6%

$2,146+24.0%

$4,046-34.2%

Admin fee / account holder

$582

$647-10.1%

$3,380-82.8%

$626-7.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

COMPANY · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$41,808

BAIRD FUNDS5 years

Filed as: ROBERT W BAIRD & CO, INC.

Service code 55

Other Commissions

$24,325

BLUE CHIP RETIREMENT PLANS, INC.5 years

Service code 99

6737 W WASHINGTON ST. · MILWAUKEE, WI 53214

Other Fees

$6,693

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,516

BAIRD FUNDS5 years

Filed as: ROBERT W BAIRD & CO, INCORPORATED

Service code 55

777 E WISCONSIN AVE · MILWAUKEE, WI 53201

Other Commissions

THE KOPP'S GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE KOPP'S GROUP 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