Retirement plan

KESSINGER-HUNTER MANAGEMENT COMPANY, INC. 401(K) PLAN

Name: KESSINGER-HUNTER MANAGEMENT COMPANY, INC. - KESSINGER-HUNTER MANAGEMENT COMPANY, INC. 401(K) PLAN (2017) Form 5500
Creator: KESSINGER-HUNTER MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KESSINGER-HUNTER MANAGEMENT COMPANY, INC. 401(K) PLAN, KESSINGER-HUNTER MANAGEMENT COMPANY, INC.

KESSINGER-HUNTER MANAGEMENT COMPANY, INC.EIN 43-1582144Plan #001PY 2017

2405 GRAND BLVD, STE. 110 - KANSAS CITY, MO 641082519816-274-8921LinkedIn1-10 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.6M

+14.2% from 2016

Total participants

156

+6.1% from 2016

Average account balance

$51,013

+5.8% from 2016

Annual return

12.16%

+4.97 pp from 2016

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.81M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

146

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$823K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$568

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$46,009
CAMBRIDGE INVESTMENT RESEARCH3+ years Service code 27 · EIN 39-1897480	Advisory (Plan)	$20,847
GOLDLEAF PARTNERS3+ years Service code 13 · EIN 45-0514557	Contract Administrator	$11,434
KESSINGER HUNTER MANAGEMENT1 year Service code 10 · EIN 43-1582144	Accounting	$6,600

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

4 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$425 / participant

Investment mgmt$37K65.7%
Contract admin$12K21.5%
Other / not subdivided$7K12.8%

% of EOY assets

0.744%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EMERICK AND COMPANY
Auditor EIN: 431855764
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,013

$52,639-3.1%

$185,117-72.4%

$62,293-18.1%

Participation rate

94.7%

63.9%+30.9pp

77.3%+17.5pp

69.5%+25.2pp

Annual return

12.16%

19.57%-7.4pp

40.50%-28.3pp

28.90%-16.7pp

Employer contribution / active EE

$1,557

$1,483+5.0%

$4,182-62.8%

$2,042-23.8%

Participant deferral / active EE

$3,683

$3,097+18.9%

$5,045-27.0%

$3,169+16.2%

Admin fee / account holder

$380

$374+1.6%

$8,159-95.3%

$479-20.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$46,009

CAMBRIDGE INVESTMENT RESEARCH3+ years

Service code 27 · EIN 39-1897480

Advisory (Plan)

$20,847

GOLDLEAF PARTNERS3+ years

Service code 13 · EIN 45-0514557

Contract Administrator

$11,434

KESSINGER HUNTER MANAGEMENT1 year

Service code 10 · EIN 43-1582144

Accounting

$6,600

KESSINGER-HUNTER MANAGEMENT COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KESSINGER-HUNTER MANAGEMENT COMPANY, 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