Retirement plan

RICHARD KERNS TRUCK PARTS, INC. 401(K) PROFIT SHARING PLAN

Name: RICHARD KERNS TRUCK PARTS, INC. - RICHARD KERNS TRUCK PARTS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: RICHARD KERNS TRUCK PARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD KERNS TRUCK PARTS, INC. 401(K) PROFIT SHARING PLAN, RICHARD KERNS TRUCK PARTS, INC.

RICHARD KERNS TRUCK PARTS, INC.EIN 58-1304486Plan #001PY 2024

P.O. BOX 789 - ELLENWOOD, GA 30294404-366-4843richardkernstruckparts.comLinkedIn1-10 employeesrenewables & environment

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$27.8M

+4.8% from 2023

Total participants

-2.3% from 2023

Average account balance

$677,910

+9.9% from 2023

Annual return

14.78%

-3.05 pp from 2023

Benchmarks

See 8,999 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,999 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.97M

Not enough data

1 years with asset history on file

Average account balance

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

$724K

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.

108.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106357

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3.9M

$94919 / participant

Other / not subdivided$4M100.0%

% of EOY assets

14.002%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$677,910

$101,778+566.1%

$164,975+310.9%

$80,925+737.7%

Participation rate

97.6%

71.8%+25.7pp

78.6%+18.9pp

67.7%+29.9pp

Annual return

14.78%

16.73%-1.9pp

70.12%-55.3pp

35.65%-20.9pp

Employer contribution / active EE

$22,454

$2,954+660.2%

$4,343+417.1%

$2,756+714.7%

Participant deferral / active EE

$7,505

$4,477+67.6%

$6,033+24.4%

$4,299+74.6%

Admin fee / account holder

$94,919

$8,221+1054.5%

$12,688+648.1%

$6,940+1267.7%

RICHARD KERNS TRUCK PARTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD KERNS TRUCK PARTS, 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