Retirement plan

KORBER TECHNOLOGIES, INC. SAVINGS INCENTIVE PLAN

Name: KORBER TECHNOLOGIES, INC. - KORBER TECHNOLOGIES, INC. SAVINGS INCENTIVE PLAN (2022) Form 5500
Creator: KORBER TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KORBER TECHNOLOGIES, INC. SAVINGS INCENTIVE PLAN, KORBER TECHNOLOGIES, INC.

KORBER TECHNOLOGIES, INC.EIN 54-1733108Plan #002PY 2022

2800 CHARLES CITY ROAD - RICHMOND, VA 23231804-222-5259

Other plans on this EIN

1 filing

#001Retirement-$32.9M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$20M

-17.6% from 2021

Total participants

159

-5.9% from 2021

Average account balance

-100.0% from 2021

Annual return

-2.03%

-15.90 pp from 2021

Benchmarks

See 2,290 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.99M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

159

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$460

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 2 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC3 years Service code 27 4208 SIX FORKS RD · RALEIGH, NC 27609	Advisory (Plan)	$12,432
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISOR GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$413

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$22K

$159 / participant

Contract admin$22K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN, EDWARDS & COMPANY, LLP
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,655-100.0%

$119,622-100.0%

$66,938-100.0%

Participation rate

0.0%

75.6%-75.6pp

79.3%-79.3pp

69.8%-69.8pp

Annual return

-2.03%

-8.00%+6.0pp

-14.98%+13.0pp

1.58%-3.6pp

Employer contribution / active EE

$1,683

$2,536-33.6%

$4,232-60.2%

$2,545-33.9%

Participant deferral / active EE

$2,658

$4,358-39.0%

$5,601-52.5%

$4,238-37.3%

Admin fee / account holder

$755-100.0%

$10,328-100.0%

$594-100.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3 years

Service code 27

4208 SIX FORKS RD · RALEIGH, NC 27609

Advisory (Plan)

$12,432

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISOR GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$413

KORBER TECHNOLOGIES, INC. SAVINGS INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KORBER TECHNOLOGIES, INC. SAVINGS INCENTIVE 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