Retirement plan

KATCEF BROTHERS, INC. 401K PLAN

Name: KATCEF BROTHERS, INC. - KATCEF BROTHERS, INC. 401K PLAN (2015) Form 5500
Creator: KATCEF BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KATCEF BROTHERS, INC. 401K PLAN, KATCEF BROTHERS, INC.

KATCEF BROTHERS, INC.EIN 52-0859333Plan #001PY 2015

PO BOX 2359 - ANNAPOLIS, MD 214042359410-224-2391katcefbrothers.comLinkedIn51-200 employeesfood & beverages

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

No prior year

Total participants

195

No prior year

Average account balance

$59,395

No prior year

Annual return

-2.10%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.94M

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.

132

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$546K

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

+9.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$797

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 1150 SOUTH OLIVE STREET · LOS ANGELES, CA 900112211	Recordkeeping	$36,082
TD AMERITRADE, INC.1+ years Filed as: TD AMERITRADE INSTITUTIONAL Service code 15 · EIN 82-0543156 CORPORATE HEADQUARTERS · OMAHA, NE 68154	Recordkeeping	$33,205
EMPLOYEE BENEFIT SYSTEMS, INC.1+ years Service code 15 · EIN 13-4266176 PO BOX 609 · KRESGEVILLE, PA 183330609	Recordkeeping	$3,395
KINGFISHER CAPITAL LLC1+ years Filed as: KINGFISHER CAPITAL, LLC Service code 22 · EIN 26-4831865 201 S COLLEGE STREET · CHARLOTTE, NC 28244	Insurance Broker	$0
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 22 · EIN 51-0116113 34 EXCHANGE PLACE · JERSEY CITY, NJ 07311	Insurance Broker	$0
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES Service code 22 · EIN 51-0120742 1000 HARBOR BLVD · WEEHAWKEN, NJ 07087	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

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

$79K

$511 / participant

Investment mgmt$33K42.2%
Contract admin$36K45.9%
Other / not subdivided$9K11.9%

% of EOY assets

0.839%

all-in expense ratio

Categories reported

2 / 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: FARMER & FIRST, PC
Auditor EIN: 050519103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,395

$57,108+4.0%

$94,228-37.0%

$52,331+13.5%

Participation rate

76.0%

72.9%+3.0pp

78.8%-2.8pp

68.1%+7.9pp

Annual return

-2.10%

1.47%-3.6pp

10.68%-12.8pp

4.54%-6.6pp

Employer contribution / active EE

$849

$1,735-51.1%

$3,587-76.3%

$1,882-54.9%

Participant deferral / active EE

$3,935

$3,040+29.5%

$4,320-8.9%

$3,022+30.2%

Admin fee / account holder

$498

$546-8.9%

$6,269-92.1%

$592-15.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

1150 SOUTH OLIVE STREET · LOS ANGELES, CA 900112211

Recordkeeping

$36,082

TD AMERITRADE, INC.1+ years

Filed as: TD AMERITRADE INSTITUTIONAL

Service code 15 · EIN 82-0543156

CORPORATE HEADQUARTERS · OMAHA, NE 68154

Recordkeeping

$33,205

EMPLOYEE BENEFIT SYSTEMS, INC.1+ years

Service code 15 · EIN 13-4266176

PO BOX 609 · KRESGEVILLE, PA 183330609

Recordkeeping

$3,395

KINGFISHER CAPITAL LLC1+ years

Filed as: KINGFISHER CAPITAL, LLC

Service code 22 · EIN 26-4831865

201 S COLLEGE STREET · CHARLOTTE, NC 28244

Insurance Broker

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 22 · EIN 51-0116113

34 EXCHANGE PLACE · JERSEY CITY, NJ 07311

Insurance Broker

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SERVICES

Service code 22 · EIN 51-0120742

1000 HARBOR BLVD · WEEHAWKEN, NJ 07087

Insurance Broker

KATCEF BROTHERS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KATCEF BROTHERS, INC. 401K 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