Retirement plan

HOWARD KAYE INSURANCE LLC 401K PLAN

Name: HOWARD KAYE INSURANCE AGENCY LLC - HOWARD KAYE INSURANCE LLC 401K PLAN (2024) Form 5500
Creator: HOWARD KAYE INSURANCE AGENCY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWARD KAYE INSURANCE LLC 401K PLAN, HOWARD KAYE INSURANCE AGENCY LLC

HOWARD KAYE INSURANCE AGENCY LLCEIN 45-3948396Plan #001PY 2024

2500 N MILITARY TRAIL, SUITE 312 - BOCA RATON, FL 33431561-417-5883LinkedIn1-10 employeesinsurance

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$268K

+22.4% from 2023

Total participants

0.0% from 2023

Average account balance

$89,253

+22.4% from 2023

Annual return

10.88%

-0.67 pp from 2023

Benchmarks

See 37,126 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,126 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$329K

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$89,253

$201,344-55.7%

$184,243-51.6%

$145,877-38.8%

Participation rate

66.7%

87.5%-20.8pp

86.8%-20.2pp

80.3%-13.6pp

Annual return

10.88%

29.01%-18.1pp

28.82%-17.9pp

551.28%-540.4pp

Employer contribution / active EE

$7,022-100.0%

$6,427-100.0%

$4,663-100.0%

Participant deferral / active EE

$8,370

$9,807-14.7%

$9,132-8.3%

$6,691+25.1%

Admin fee / account holder

$16,382-100.0%

$13,914-100.0%

$13,402-100.0%

HOWARD KAYE INSURANCE LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HOWARD KAYE INSURANCE LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion