Retirement plan

KINGS TIRE SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: KINGS TIRE SERVICE, INC. - KINGS TIRE SERVICE, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: KINGS TIRE SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGS TIRE SERVICE, INC. 401(K) PROFIT SHARING PLAN, KINGS TIRE SERVICE, INC.

KINGS TIRE SERVICE, INC.EIN 55-0566053Plan #001PY 2020

P. O. BOX 3511 - BLUEFIELD, WV 24701304-323-3977

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

+27.1% from 2019

Total participants

206

0.0% from 2019

Average account balance

$35,839

+8.5% from 2019

Annual return

15.63%

-5.26 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.11M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

45.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$699K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS6+ years Filed as: CAPITAL BANK AND TRUST Service code 15 · EIN 95-6817943	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2J2T3D3H

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$75

$0 / participant

Other / not subdivided$75100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

0 / 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 AND COMPANY, L.L.P.
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,839

$54,573-34.3%

$90,970-60.6%

$73,493-51.2%

Participation rate

30.7%

61.2%-30.4pp

69.0%-38.3pp

70.7%-40.0pp

Annual return

15.63%

16.69%-1.1pp

134.58%-118.9pp

28.51%-12.9pp

Employer contribution / active EE

$609

$991-38.5%

$2,122-71.3%

$2,270-73.2%

Participant deferral / active EE

$894

$2,517-64.5%

$3,373-73.5%

$3,740-76.1%

Admin fee / account holder

$521-99.8%

$5,960-100.0%

$513-99.8%

Provider

Service type

Compensation

AMERICAN FUNDS6+ years

Filed as: CAPITAL BANK AND TRUST

Service code 15 · EIN 95-6817943

Recordkeeping

KINGS TIRE SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINGS TIRE SERVICE, INC. 401(K) PROFIT SHARING 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