Retirement plan

KITTY HAWK KITES, INC. 401K PROFIT SHARING PLAN

Name: KITTY HAWK KITES, INC. - KITTY HAWK KITES, INC. 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: KITTY HAWK KITES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KITTY HAWK KITES, INC. 401K PROFIT SHARING PLAN, KITTY HAWK KITES, INC.

KITTY HAWK KITES, INC.EIN 56-1676554Plan #001PY 2017

P O BOX 1839 - NAGS HEAD, NC 27959252-441-1719

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.4M

+11.2% from 2016

Total participants

+1.0% from 2016

Average account balance

$24,447

+9.0% from 2016

Annual return

12.99%

+5.36 pp from 2016

Benchmarks

See 2,040 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,040 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.58M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

169.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$325K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2490

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
HUTCHINS & HAAKE LLC3+ years Filed as: HUTCHINS ALLEN & COMPANY Service code 27 4720 N. CROATAN HWY · KITTY HAWK, NC 27949	Advisory (Plan)	$11,035
MVP PLAN ADMINISTRATORS, INC.2 years Service code 13 · EIN 56-2263714	Contract Administrator	$9,837

Plan features & details

Pension benefit codes2A2E2J2K3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$25K

$576 / participant

Investment mgmt$11K43.5%
Contract admin$10K38.8%
Other / not subdivided$4K17.6%

% of EOY assets

1.047%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SHARRARD, MCGEE & CO, PA
Auditor EIN: 561146197
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,447

$56,110-56.4%

$94,993-74.3%

$70,131-65.1%

Participation rate

100.0%

65.0%+35.0pp

73.9%+26.1pp

69.5%+30.5pp

Annual return

12.99%

51.02%-38.0pp

27.12%-14.1pp

73.14%-60.2pp

Employer contribution / active EE

$1,705

$1,442+18.2%

$2,603-34.5%

$2,342-27.2%

Participant deferral / active EE

$1,655

$2,391-30.8%

$3,317-50.1%

$3,332-50.3%

Admin fee / account holder

$256

$3,456-92.6%

$4,960-94.8%

$4,645-94.5%

Provider

Service type

Compensation

HUTCHINS & HAAKE LLC3+ years

Filed as: HUTCHINS ALLEN & COMPANY

Service code 27

4720 N. CROATAN HWY · KITTY HAWK, NC 27949

Advisory (Plan)

$11,035

MVP PLAN ADMINISTRATORS, INC.2 years

Service code 13 · EIN 56-2263714

Contract Administrator

$9,837

KITTY HAWK KITES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KITTY HAWK KITES, INC. 401K 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