Retirement plan

KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST

Name: KOROSEAL INTERIOR PRODUCTS, LLC - KOROSEAL INTERIOR PRODUCTS RETIREMENT SAVINGS PLAN AND TRUST (2024) 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 2024

1111 MEDINA ROAD - MEDINA, OH 44256330-668-7611koroseal.comLinkedIn501-1000 employeesdesign

Other plans on this EIN

1 filing

#002Retirement-$34.4M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$34.7M

+8.0% from 2023

Total participants

365

+2.8% from 2023

Average account balance

$104,870

+5.1% from 2023

Annual return

15.26%

-3.69 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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 SERVICES5 years Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$39,985
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIRMENT PLAN Service code 64 SERVICES · IRVINE, CA 92618	Recordkeeping Fees	$5,067

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$120 / participant

Contract admin$44K100.0%

% of EOY assets

0.126%

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

$104,870

$92,076+13.9%

$105,607-0.7%

$77,736+34.9%

Participation rate

90.7%

81.0%+9.7pp

75.3%+15.4pp

70.6%+20.1pp

Annual return

15.26%

17.84%-2.6pp

116.11%-100.8pp

31.26%-16.0pp

Employer contribution / active EE

$513

$3,370-84.8%

$3,167-83.8%

$2,728-81.2%

Participant deferral / active EE

$4,803

$5,390-10.9%

$5,011-4.2%

$4,651+3.3%

Admin fee / account holder

$132

$219-39.7%

$10,958-98.8%

$433-69.5%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$39,985

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIRMENT PLAN

Service code 64

SERVICES · IRVINE, CA 92618

Recordkeeping Fees

$5,067

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