Retirement plan

KUNA MEAT COMPANY, INC. 401K PROFIT SHARING PLAN

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

KUNA MEAT COMPANY, INC.EIN 43-0727460Plan #001PY 2024

704 KUNA INDUSTRIAL DRIVE - DUPO, IL 62239618-286-4000LinkedIn51-200 employeescomputer software

Prospect flagsLow returnsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed April 26, 2023

Plan administrator

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704 Kuna Industrial Court

Dupo, IL 62239

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Plans declared (1)

Supplemental Executive Retirement Plan10 emp

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Total assets (EOY)

$17.9M

+9.4% from 2023

Total participants

435

-0.9% from 2023

Average account balance

$49,761

-4.0% from 2023

Annual return

9.68%

-6.38 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.91M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

360

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.38M

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

+9.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC8 years Filed as: CREATIVE PLANNING, INC Service code 26 5440 W 110TH STREET, SUITE 102 · OVERLAND PARK, KS 66211	Advisory (Participants)	$95,574
EPIC RETIREMENT PLAN SERVICES8 years Filed as: TPP RETIREMENT PLAN SPECIALISTS,LLC Service code 15 7300 COLLEGE BLVD., SUITE 400 · OVERLAND PARK, KS 66210	Recordkeeping	$44,041
SFW PARTNERS, LLC10+ years Service code 10 1610 DES PERES ROAD, SUITE 300 · ST. LOUIS, MO 63131	Accounting	$28,000
MATRIX TRUST COMPANY3 years Service code 18 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Custodial (securities); Custodial (ot...	$5,246

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

3 tripped

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$177K

$513 / participant

Trustee / custodial$5K3.0%
Investment mgmt$96K54.0%
Salaries / allowances$48K27.2%
Other / not subdivided$28K15.8%

% of EOY assets

0.988%

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: SFW PARTNERS, LLC
Auditor EIN: 431764273
Audit fees: $28,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,761

$89,465-44.4%

$165,100-69.9%

$77,762-36.0%

Participation rate

78.3%

78.6%-0.4pp

70.6%+7.7pp

Annual return

9.68%

28.86%-19.2pp

70.21%-60.5pp

31.27%-21.6pp

Employer contribution / active EE

$3,148

$2,565+22.7%

$4,348-27.6%

$2,728+15.4%

Participant deferral / active EE

$3,746

$4,904-23.6%

$6,035-37.9%

$4,651-19.5%

Admin fee / account holder

$492

$340+44.7%

$12,696-96.1%

$433+13.6%

Provider

Service type

Compensation

CREATIVE PLANNING LLC8 years

Filed as: CREATIVE PLANNING, INC

Service code 26

5440 W 110TH STREET, SUITE 102 · OVERLAND PARK, KS 66211

Advisory (Participants)

$95,574

EPIC RETIREMENT PLAN SERVICES8 years

Filed as: TPP RETIREMENT PLAN SPECIALISTS,LLC

Service code 15

7300 COLLEGE BLVD., SUITE 400 · OVERLAND PARK, KS 66210

Recordkeeping

$44,041

SFW PARTNERS, LLC10+ years

Service code 10

1610 DES PERES ROAD, SUITE 300 · ST. LOUIS, MO 63131

Accounting

$28,000

MATRIX TRUST COMPANY3 years

Service code 18

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Custodial (securities); Custodial (ot...

$5,246

KUNA MEAT COMPANY, INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KUNA MEAT COMPANY, INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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