Retirement plan

KETTLE CUISINE, LLC 401(K) SAVINGS PLAN

Name: KETTLE CUISINE, LLC - KETTLE CUISINE, LLC 401(K) SAVINGS PLAN (2019) Form 5500
Creator: KETTLE CUISINE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KETTLE CUISINE, LLC 401(K) SAVINGS PLAN, KETTLE CUISINE, LLC

KETTLE CUISINE, LLCEIN 45-2831734Plan #001PY 2019

330 LYNNWAY - LYNN, MA 01901617-409-1179kettlecuisine.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$15M

+62.7% from 2018

Total participants

570

+17.5% from 2018

Average account balance

$36,601

+37.3% from 2018

Annual return

55.55%

+57.51 pp from 2018

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.32M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

1,392

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 8 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211	Advisory (Plan)	$18,731
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$16,672
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,971
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$14,647
KETTLE CORP1 year Service code 25 330 LYNNWAY · LYNN, MA 01901	Directed Trustee	$11,321
INDEPENDENT FINANCIAL PARTNERS5+ years Service code 27 3030 N ROCKY POINT DR W. · TAMPA, FL 33607	Advisory (Plan)	$11,312
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10,277
SCHOFER DILLBERG & COMPANY5+ years Service code 10 190 N MAIN ST THIRD FL · NATLICK, MA 01760	Accounting	$9,250

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

3 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.)
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

$169K

$360 / participant

Other / not subdivided$169K100.0%

% of EOY assets

1.125%

all-in expense ratio

Categories reported

0 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,601

$55,790-34.4%

$76,657-52.3%

$67,579-45.8%

Participation rate

65.9%

71.1%-5.2pp

72.1%-6.2pp

71.3%-5.4pp

Annual return

55.55%

64.45%-8.9pp

1166.74%-1111.2pp

378.56%-323.0pp

Employer contribution / active EE

$1,637

$1,810-9.6%

$2,303-28.9%

$2,148-23.8%

Participant deferral / active EE

$3,104

$2,875+8.0%

$3,335-6.9%

$3,539-12.3%

Admin fee / account holder

$412

$159+158.7%

$6,423-93.6%

$142+189.4%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 27

4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211

Advisory (Plan)

$18,731

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$16,672

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,971

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$14,647

KETTLE CORP1 year

Service code 25

330 LYNNWAY · LYNN, MA 01901

Directed Trustee

$11,321

INDEPENDENT FINANCIAL PARTNERS5+ years

Service code 27

3030 N ROCKY POINT DR W. · TAMPA, FL 33607

Advisory (Plan)

$11,312

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10,277

SCHOFER DILLBERG & COMPANY5+ years

Service code 10

190 N MAIN ST THIRD FL · NATLICK, MA 01760

Accounting

$9,250

KETTLE CUISINE, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KETTLE CUISINE, LLC 401(K) SAVINGS 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