Retirement plan

KELC 401(K) SAVINGS PLAN

Name: KAPLAN EARLY LEARNING COMPANY, INC. - KELC 401(K) SAVINGS PLAN (2020) Form 5500
Creator: KAPLAN EARLY LEARNING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELC 401(K) SAVINGS PLAN, KAPLAN EARLY LEARNING COMPANY, INC.

KAPLAN EARLY LEARNING COMPANY, INC.EIN 56-0935286Plan #002PY 2020

1310 LEWISVILLE-CLEMMONS ROAD - LEWISVILLE, NC 27023336-766-7374kaplanco.comLinkedIn201-500 employeeseducation management

Prospect flagsHigh cashLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$30.3M

+17.3% from 2019

Total participants

1,045

+7.5% from 2019

Average account balance

$30,768

+7.9% from 2019

Annual return

14.42%

+17.21 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.77M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

1,287

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.16M

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$89,800
OPPENHEIMER2 years Filed as: OPPENHEIMER & CO. INC. Service code 27 · EIN 13-5657518	Advisory (Plan)	$26,331

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$116K

$147 / participant

Other / not subdivided$116K100.0%

% of EOY assets

0.384%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SMITH LEONARD PLLC
Auditor EIN: 205907591
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,768

$78,419-60.8%

$133,978-77.0%

$73,412-58.1%

Participation rate

92.3%

78.6%+13.7pp

79.8%+12.4pp

72.2%+20.1pp

Annual return

14.42%

33.35%-18.9pp

45.10%-30.7pp

59.30%-44.9pp

Employer contribution / active EE

$882

$2,044-56.8%

$3,919-77.5%

$2,234-60.5%

Participant deferral / active EE

$1,994

$3,925-49.2%

$5,047-60.5%

$3,806-47.6%

Admin fee / account holder

$118

$161-26.8%

$8,930-98.7%

$158-25.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$89,800

OPPENHEIMER2 years

Filed as: OPPENHEIMER & CO. INC.

Service code 27 · EIN 13-5657518

Advisory (Plan)

$26,331

KELC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELC 401(K) SAVINGS 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