Retirement plan

KBS, INC. PROFIT SHARING PLAN AND TRUST

Name: KBS, INC. - KBS, INC. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: KBS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KBS, INC. PROFIT SHARING PLAN AND TRUST, KBS, INC.

KBS, INC.EIN 54-1008617Plan #001PY 2024

8050 KIMWAY DRIVE - RICHMOND, VA 23228804-262-8657kbsgc.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.1M

+31.4% from 2023

Total participants

144

-13.8% from 2023

Average account balance

$234,162

+44.2% from 2023

Annual return

30.84%

+12.23 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.14M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

133

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

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

+30.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$858

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 3 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.2 years Filed as: TRUIST ADVISORY SERVICES INC Service code 27 · EIN 37-1808847	Advisory (Plan)	$65,429
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$26,520
KEITER8 years Service code 10 · EIN 54-1631262	Accounting	$19,200

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

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.
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

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

$114K

$1057 / participant

Recordkeeping$27K23.2%
Investment mgmt$68K59.9%
Other / not subdivided$19K16.8%

% of EOY assets

0.367%

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: KEITER
Auditor EIN: 541631262
Audit fees: $19,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$234,162

$80,763+189.9%

$102,412+128.6%

$74,459+214.5%

Participation rate

89.8%

65.7%+24.1pp

74.5%+15.3pp

67.2%+22.6pp

Annual return

30.84%

27.57%+3.3pp

24.94%+5.9pp

1369.70%-1338.9pp

Employer contribution / active EE

$4,235

$3,160+34.0%

$3,870+9.4%

$2,626+61.3%

Participant deferral / active EE

$8,309

$3,862+115.2%

$5,060+64.2%

$4,350+91.0%

Admin fee / account holder

$858

$2,371-63.8%

$8,388-89.8%

$1,945-55.9%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.2 years

Filed as: TRUIST ADVISORY SERVICES INC

Service code 27 · EIN 37-1808847

Advisory (Plan)

$65,429

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$26,520

KEITER8 years

Service code 10 · EIN 54-1631262

Accounting

$19,200

KBS, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KBS, INC. PROFIT SHARING PLAN AND TRUST

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