Retirement plan

KNIT RITE INC EMPLOYEES 401K PROFIT SHARING PLAN

Name: KNIT RITE INC - KNIT RITE INC EMPLOYEES 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: KNIT RITE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNIT RITE INC EMPLOYEES 401K PROFIT SHARING PLAN, KNIT RITE INC

KNIT RITE INCEIN 43-1600470Plan #001PY 2020

120 OSAGE AVENUE - KANSAS CITY, KS 66105913-281-4600knitrite.comLinkedIn51-200 employeestextiles

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed November 7, 2007

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$9.1M

+20.1% from 2019

Total participants

221

-3.5% from 2019

Average account balance

$57,996

+24.7% from 2019

Annual return

15.92%

-4.58 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.06M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

233

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$942K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+21.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$19,110
COMPENSATION BENEFIT PLANNING, INC.6+ years Service code 13 · EIN 43-1021898	Contract Administrator	$7,710
COMPENSATION BENEFIT PLANNING, INC.5 years Filed as: COMPENSATION BENEFIT PLANNING, INC Service code 14 · EIN 43-1021898	Plan Administrator	$4,268
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BARON4 years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO2 years Service code 52 · EIN 84-1120195	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
LORD ABBETT1 year Service code 52 · EIN 13-2669319	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$29K

$137 / participant

Contract admin$19K65.4%
Other / not subdivided$10K34.6%

% of EOY assets

0.321%

all-in expense ratio

Categories reported

1 / 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: PICKETT CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,996

$54,590+6.2%

$81,726-29.0%

$73,497-21.1%

Participation rate

70.0%

68.3%+1.6pp

72.0%-2.1pp

70.7%-0.7pp

Annual return

15.92%

17.74%-1.8pp

29.49%-13.6pp

28.51%-12.6pp

Employer contribution / active EE

$588

$1,636-64.0%

$4,311-86.4%

$2,270-74.1%

Participant deferral / active EE

$2,467

$2,759-10.6%

$7,108-65.3%

$3,740-34.0%

Admin fee / account holder

$186

$592-68.6%

$5,160-96.4%

$513-63.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$19,110

COMPENSATION BENEFIT PLANNING, INC.6+ years

Service code 13 · EIN 43-1021898

Contract Administrator

$7,710

COMPENSATION BENEFIT PLANNING, INC.5 years

Filed as: COMPENSATION BENEFIT PLANNING, INC

Service code 14 · EIN 43-1021898

Plan Administrator

$4,268

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BARON4 years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO2 years

Service code 52 · EIN 84-1120195

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

LORD ABBETT1 year

Service code 52 · EIN 13-2669319

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52

Indirect Investment Fees

KNIT RITE INC EMPLOYEES 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNIT RITE INC EMPLOYEES 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

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