Retirement plan

NANZ & KRAFT FLORISTS, INC. PROFIT SHARING PLAN

Name: NANZ & KRAFT FLORISTS, INC. - NANZ & KRAFT FLORISTS, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: NANZ & KRAFT FLORISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NANZ & KRAFT FLORISTS, INC. PROFIT SHARING PLAN, NANZ & KRAFT FLORISTS, INC.

NANZ & KRAFT FLORISTS, INC.EIN 61-0590007Plan #001PY 2024

141 BRECKINRIDGE LN - LOUISVILLE, KY 40207502-897-6551nanzandkraft.comLinkedIn51-200 employeesretail

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.6M

+20.3% from 2023

Total participants

+1.5% from 2023

Average account balance

$114,587

+16.7% from 2023

Annual return

18.09%

-7.70 pp from 2023

Benchmarks

See 8,995 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,995 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.56M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2586

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 codes2E2F2J2T3D

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).
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.
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.
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

$171K

$4063 / participant

Other / not subdivided$171K100.0%

% of EOY assets

2.257%

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

$114,587

$101,798+12.6%

$165,071-30.6%

$80,935+41.6%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.7%+32.3pp

Annual return

18.09%

16.73%+1.4pp

70.17%-52.1pp

35.66%-17.6pp

Employer contribution / active EE

$4,224

$2,954+43.0%

$4,347-2.8%

$2,757+53.2%

Participant deferral / active EE

$2,644

$4,476-40.9%

$6,035-56.2%

$4,299-38.5%

Admin fee / account holder

$2,586

$8,221-68.5%

$12,695-79.6%

$6,924-62.7%

NANZ & KRAFT FLORISTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NANZ & KRAFT FLORISTS, INC. 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