Retirement plan

KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST

Name: KOROSEAL INTERIOR PRODUCTS, LLC - KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST (2022) Form 5500
Creator: KOROSEAL INTERIOR PRODUCTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST, KOROSEAL INTERIOR PRODUCTS, LLC

KOROSEAL INTERIOR PRODUCTS, LLCEIN 46-4864607Plan #003PY 2022

3875 EMBASSY PARKWAY, SUITE 110 - FAIRLAWN, OH 443330000330-668-7611koroseal.comLinkedIn501-1000 employeesdesign

Other plans on this EIN

1 filing

#002Retirement-$26.3M assets

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$26.9M

-21.4% from 2021

Total participants

369

-5.6% from 2021

Average account balance

$82,651

-20.4% from 2021

Annual return

-18.39%

-34.16 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.71M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

331

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$39,980
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIRMENT PLAN Service code 64 SERVICES · IRVINE, CA 92618	Recordkeeping Fees	$5,094

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$43K

$116 / participant

Contract admin$43K100.0%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOBER, MARKEY, FEDOROVICH & COMPANY
Auditor EIN: 341523030
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,651

$81,948+0.9%

$90,766-8.9%

$64,824+27.5%

Participation rate

88.1%

80.5%+7.6pp

75.7%+12.4pp

71.5%+16.6pp

Annual return

-18.39%

-12.53%-5.9pp

-12.16%-6.2pp

32.84%-51.2pp

Employer contribution / active EE

$481

$3,067-84.3%

$2,922-83.5%

$2,507-80.8%

Participant deferral / active EE

$4,373

$4,844-9.7%

$4,565-4.2%

$4,311+1.4%

Admin fee / account holder

$132

$157-15.8%

$8,446-98.4%

$188-29.6%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$39,980

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIRMENT PLAN

Service code 64

SERVICES · IRVINE, CA 92618

Recordkeeping Fees

$5,094

KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST

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