Retirement plan

KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY OWNER K 401(K) PROFIT SHARING PLAN

Name: KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY - KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY OWNER K 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY OWNER K 401(K) PROFIT SHARING PLAN, KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY

KERNZ & KOMPANY INC D/B/A KERN AND KOMPANYEIN 41-1977239Plan #001PY 2023

2110 WEST FIRST STREET - DULUTH, MN 55806218-628-9996

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$519K

No prior year

Total participants

No prior year

Average account balance

$172,859

No prior year

Annual return

21.22%

No prior year

Benchmarks

See 9,751 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort9,751 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$855K

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 codes2E2F2J2R3D

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).
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.
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

$60

$20 / participant

Other / not subdivided$60100.0%

% of EOY assets

0.012%

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

$172,859

$156,963+10.1%

$121,204+42.6%

$139,466+23.9%

Participation rate

100.0%

76.5%+23.5pp

69.5%+30.5pp

80.3%+19.7pp

Annual return

21.22%

1476.75%-1455.5pp

987.18%-966.0pp

373.66%-352.4pp

Employer contribution / active EE

$8,542

$5,544+54.1%

$4,170+104.8%

$4,754+79.7%

Participant deferral / active EE

$19,833

$4,848+309.1%

$4,083+385.8%

$6,712+195.5%

Admin fee / account holder

$20

$6,953-99.7%

$5,651-99.6%

$11,409-99.8%

KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY OWNER K 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KERNZ & KOMPANY INC D/B/A KERN AND KOMPANY OWNER K 401(K) PROFIT SHARING 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