Retirement plan

KEYBRIDGE TECHNOLOGIES 401(K) PLAN

Name: KEYBRIDGE TECHNOLOGIES, INC. - KEYBRIDGE TECHNOLOGIES 401(K) PLAN (2020) Form 5500
Creator: KEYBRIDGE TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEYBRIDGE TECHNOLOGIES 401(K) PLAN, KEYBRIDGE TECHNOLOGIES, INC.

KEYBRIDGE TECHNOLOGIES, INC.EIN 48-1279879Plan #001PY 2020

4411 HIGHLINE BOULEVARD STE 203 - OKLAHOMA CITY, OK 731081899405-488-0800keybridgeti.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.3M

+20.0% from 2019

Total participants

263

-5.4% from 2019

Average account balance

$31,192

+25.9% from 2019

Annual return

13.56%

-4.94 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.33M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

116

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.

47.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$333K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$24,730
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 27 · EIN 13-2808480 1215 4TH AVE 26TH FL · SEATTLE, CO 98161	Advisory (Plan)	$12,071
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 · EIN 59-1237041 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$10,203
TRISTAR PENSION LTD6+ years Filed as: TRISTAR PENSION, LTD. Service code 13 · EIN 75-1553813 9150 N MAY AVE SUITE A · OKLAHOMA CITY, OK 73120	Contract Administrator	$7,567
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 · EIN 84-0532243 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$515

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$63K

$441 / participant

Contract admin$47K74.6%
Other / not subdivided$16K25.4%

% of EOY assets

0.997%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FORMAN & LEATHERS P.C.
Auditor EIN: 731591517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,192

$99,957-68.8%

$149,745-79.2%

$73,497-57.6%

Participation rate

58.0%

75.7%-17.7pp

82.5%-24.4pp

70.7%-12.6pp

Annual return

13.56%

53.87%-40.3pp

276.72%-263.2pp

28.51%-15.0pp

Employer contribution / active EE

$887

$3,191-72.2%

$4,646-80.9%

$2,270-60.9%

Participant deferral / active EE

$2,921

$6,073-51.9%

$6,843-57.3%

$3,740-21.9%

Admin fee / account holder

$311

$551-43.5%

$9,312-96.7%

$513-39.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$24,730

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 27 · EIN 13-2808480

1215 4TH AVE 26TH FL · SEATTLE, CO 98161

Advisory (Plan)

$12,071

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 27 · EIN 59-1237041

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$10,203

TRISTAR PENSION LTD6+ years

Filed as: TRISTAR PENSION, LTD.

Service code 13 · EIN 75-1553813

9150 N MAY AVE SUITE A · OKLAHOMA CITY, OK 73120

Contract Administrator

$7,567

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28 · EIN 84-0532243

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$515

KEYBRIDGE TECHNOLOGIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEYBRIDGE TECHNOLOGIES 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