Retirement plan

KERN MOTOR COMPANY, INC. PENSION PLAN

Name: KERN MOTOR COMPANY, INC. - KERN MOTOR COMPANY, INC. PENSION PLAN (2018) Form 5500
Creator: KERN MOTOR COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KERN MOTOR COMPANY, INC. PENSION PLAN, KERN MOTOR COMPANY, INC.

KERN MOTOR COMPANY, INC.EIN 54-0722653Plan #001PY 2018

2110 VALLEY AVE. - WINCHESTER, VA 22601540-667-1500kernmotorco.comLinkedIn11-50 employeesautomotive

Other plans on this EIN

1 filing

#002Retirement-$44K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-8.9% from 2017

Total participants

-26.1% from 2017

Average account balance

$47,709

+11.0% from 2017

Annual return

-5.69%

-20.39 pp from 2017

Benchmarks

See 9,413 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,413 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3772

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 codes2E2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$141K

$4543 / participant

Other / not subdivided$141K100.0%

% of EOY assets

9.225%

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

$47,709

$50,947-6.4%

$74,551-36.0%

$64,173-25.7%

Participation rate

93.5%

61.1%+32.5pp

69.1%+24.4pp

69.6%+24.0pp

Annual return

-5.69%

-1.85%-3.8pp

32.53%-38.2pp

7.63%-13.3pp

Employer contribution / active EE

$1,516

$1,115+35.9%

$1,961-22.7%

$2,381-36.3%

Participant deferral / active EE

$1,115

$2,302-51.6%

$3,108-64.1%

$3,470-67.9%

Admin fee / account holder

$4,401

$4,221+4.3%

$5,059-13.0%

$4,887-9.9%

KERN MOTOR COMPANY, INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KERN MOTOR COMPANY, INC. PENSION 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