Retirement plan

KERN MOTOR COMPANY, INC. PENSION PLAN

Name: KERN MOTOR COMPANY, INC. - KERN MOTOR COMPANY, INC. PENSION PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$60K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+13.2% from 2019

Total participants

-5.0% from 2019

Average account balance

$73,356

+25.3% from 2019

Annual return

12.45%

-6.66 pp from 2019

Benchmarks

See 9,301 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,301 peers

Snapshot2020

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

$55K

$1522 / participant

Other / not subdivided$55K100.0%

% of EOY assets

2.668%

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

$73,356

$65,027+12.8%

$90,970-19.4%

$79,852-8.1%

Participation rate

72.2%

61.6%+10.6pp

69.0%+3.2pp

69.6%+2.6pp

Annual return

12.45%

30.45%-18.0pp

134.58%-122.1pp

31.72%-19.3pp

Employer contribution / active EE

$596

$1,247-52.2%

$2,122-71.9%

$2,471-75.9%

Participant deferral / active EE

$1,158

$2,512-53.9%

$3,373-65.7%

$3,740-69.0%

Admin fee / account holder

$1,957

$4,535-56.8%

$5,960-67.2%

$5,306-63.1%

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