Retirement plan

KERKERING, BARBERIO & CO. 401(K) PLAN

Name: KERKERING, BARBERIO & CO. - KERKERING, BARBERIO & CO. 401(K) PLAN (2024) Form 5500
Creator: KERKERING, BARBERIO & CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KERKERING, BARBERIO & CO. 401(K) PLAN, KERKERING, BARBERIO & CO.

KERKERING, BARBERIO & CO.EIN 59-1753337Plan #001PY 2024

PO BOX 49348 - SARASOTA, FL 34230941-365-4617kbgrp.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$28.3M

+15.3% from 2023

Total participants

163

-2.4% from 2023

Average account balance

$203,738

+15.3% from 2023

Annual return

15.24%

-3.09 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.32M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

139

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.

82.6%

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

$10K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$485

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
MARINER LLC1 year Filed as: MARINER WEALTH ADVISORS, LLC Service code 26 · EIN 20-4553256	Advisory (Participants)	$30,870
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$134

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$67K

$488 / participant

Recordkeeping$36K52.7%
Investment mgmt$31K45.8%
Contract admin$1K1.5%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDG-CPAS
Auditor EIN: 222625944
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$203,738

$101,591+100.5%

$147,096+38.5%

$74,429+173.7%

Participation rate

82.6%

75.5%+7.1pp

82.2%+0.4pp

67.2%+15.4pp

Annual return

15.24%

8746.45%-8731.2pp

419.75%-404.5pp

1368.38%-1353.1pp

Employer contribution / active EE

$1,812

$3,813-52.5%

$4,936-63.3%

$2,625-31.0%

Participant deferral / active EE

$8,456

$7,302+15.8%

$8,071+4.8%

$4,348+94.5%

Admin fee / account holder

$485

$1,750-72.3%

$13,005-96.3%

$1,944-75.1%

Provider

Service type

Compensation

MARINER LLC1 year

Filed as: MARINER WEALTH ADVISORS, LLC

Service code 26 · EIN 20-4553256

Advisory (Participants)

$30,870

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$134

KERKERING, BARBERIO & CO. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KERKERING, BARBERIO & CO. 401(K) 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