Retirement plan

KEIM FARM EQUIPMENT COMPANY EMPLOYEES PSP

Name: KEIM FARM EQUIPMENT INC - KEIM FARM EQUIPMENT COMPANY EMPLOYEES PSP (2022) Form 5500
Creator: KEIM FARM EQUIPMENT INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEIM FARM EQUIPMENT COMPANY EMPLOYEES PSP, KEIM FARM EQUIPMENT INC

KEIM FARM EQUIPMENT INCEIN 47-0543015Plan #001PY 2022

3059 I ROAD - SYRACUSE, NE 68446402-269-2451

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5M

-4.2% from 2021

Total participants

+50.0% from 2021

Average account balance

$218,779

-33.3% from 2021

Annual return

-3.48%

-17.94 pp from 2021

Benchmarks

See 9,018 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,018 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.49M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14595

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 codes2E3D2G2J2F2T

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$128K

$6424 / participant

Other / not subdivided$128K100.0%

% of EOY assets

2.553%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$218,779

$106,549+105.3%

$91,225+139.8%

$134,509+62.6%

Participation rate

95.0%

76.8%+18.2pp

73.2%+21.8pp

81.2%+13.8pp

Annual return

-3.48%

160.73%-164.2pp

114.10%-117.6pp

418.13%-421.6pp

Employer contribution / active EE

$5,572

$3,331+67.2%

$2,851+95.4%

$4,741+17.5%

Participant deferral / active EE

$3,691

$4,719-21.8%

$4,234-12.8%

$6,400-42.3%

Admin fee / account holder

$5,586

$6,234-10.4%

$5,422+3.0%

$11,427-51.1%

KEIM FARM EQUIPMENT COMPANY EMPLOYEES PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEIM FARM EQUIPMENT COMPANY EMPLOYEES PSP

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