Retirement plan

KESTRA FINANCIAL, INC. 401(K) PLAN

Name: KESTRA FINANCIAL, INC. - KESTRA FINANCIAL, INC. 401(K) PLAN (2024) Form 5500
Creator: KESTRA FINANCIAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KESTRA FINANCIAL, INC. 401(K) PLAN, KESTRA FINANCIAL, INC.

KESTRA FINANCIAL, INC.EIN 47-1566880Plan #001PY 2024

5707 SOUTHWEST PARKWAY, BLDG. 2, STE. 400 - AUSTIN, TX 78735844-559-7872kestrafinancial.comLinkedIn201-500 employeesfinancial services

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$91.9M

+37.1% from 2023

Total participants

1,073

+6.4% from 2023

Average account balance

$105,643

+25.8% from 2023

Annual return

32.07%

+9.30 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.91M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

870

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+32.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.9+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$98,480
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-4410122	Advisory (Participants)	$8,361
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$1,447
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2G2J2K2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$108K

$120 / participant

Recordkeeping$99K91.3%
Investment mgmt$9K8.7%

% of EOY assets

0.118%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,643

$129,227-18.3%

$184,256-42.7%

$77,762+35.9%

Participation rate

77.4%

87.4%-9.9pp

86.8%-9.4pp

70.6%+6.8pp

Annual return

32.07%

33.24%-1.2pp

28.85%+3.2pp

31.27%+0.8pp

Employer contribution / active EE

$2,785

$4,412-36.9%

$6,427-56.7%

$2,728+2.1%

Participant deferral / active EE

$9,790

$7,307+34.0%

$9,133+7.2%

$4,651+110.5%

Admin fee / account holder

$124

$256-51.5%

$13,899-99.1%

$433-71.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$98,480

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-4410122

Advisory (Participants)

$8,361

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$1,447

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

KESTRA FINANCIAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KESTRA FINANCIAL, INC. 401(K) 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