Retirement plan

KEEPS CORPORATION 401(K) PROFIT SHARING PLAN

Name: KEEPS CORPORATION - KEEPS CORPORATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KEEPS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEEPS CORPORATION 401(K) PROFIT SHARING PLAN, KEEPS CORPORATION

KEEPS CORPORATIONEIN 56-1887993Plan #002PY 2023

2703 TELECOM PARKWAY, SUITE 150 - RICHARDSON, TX 75082972-982-7004keepscorp.comLinkedIn201-500 employeesautomotive

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.8M

+51.3% from 2022

Total participants

222

+24.7% from 2022

Average account balance

$23,922

+25.8% from 2022

Annual return

18.39%

+38.42 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.69M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

188

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

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

+42.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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
HILL WARD HENDERSON3 years Filed as: D.H. HILL SECURITIES LLLP Service code 26 1543 GRREN OAK PLACE SUITE 100 · KINGWOOD, TX 77339	Advisory (Participants)	$13,437
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166	Recordkeeping	$9,427

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

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

$23K

$109 / participant

Contract admin$23K100.0%

% of EOY assets

0.608%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,922

$91,474-73.8%

$135,982-82.4%

$71,529-66.6%

Participation rate

70.9%

75.7%-4.8pp

81.9%-11.0pp

67.9%+3.0pp

Annual return

18.39%

29.89%-11.5pp

68.32%-49.9pp

28.97%-10.6pp

Employer contribution / active EE

$1,419

$3,705-61.7%

$4,859-70.8%

$2,590-45.2%

Participant deferral / active EE

$3,582

$7,095-49.5%

$7,760-53.8%

$4,291-16.5%

Admin fee / account holder

$145

$1,267-88.5%

$10,767-98.6%

$1,588-90.8%

Provider

Service type

Compensation

HILL WARD HENDERSON3 years

Filed as: D.H. HILL SECURITIES LLLP

Service code 26

1543 GRREN OAK PLACE SUITE 100 · KINGWOOD, TX 77339

Advisory (Participants)

$13,437

PAYCHEX, INC.2 years

Service code 15 · EIN 16-1124166

Recordkeeping

$9,427

KEEPS CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEEPS CORPORATION 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