Retirement plan

KENTUCKY RETIRED TEACHERS ASSOCIATION, INC. 401(K) PLAN

Name: KENTUCKY RETIRED TEACHERS ASSOCIATION, INC - KENTUCKY RETIRED TEACHERS ASSOCIATION, INC. 401(K) PLAN (2020) Form 5500
Creator: KENTUCKY RETIRED TEACHERS ASSOCIATION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENTUCKY RETIRED TEACHERS ASSOCIATION, INC. 401(K) PLAN, KENTUCKY RETIRED TEACHERS ASSOCIATION, INC

KENTUCKY RETIRED TEACHERS ASSOCIATION, INCEIN 61-1029929Plan #001PY 2020

7505 BARDSTOWN ROAD - LOUISVILLE, KY 40291502-231-5802krta.orgLinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$382K

+24.8% from 2019

Total participants

-33.3% from 2019

Average account balance

$63,666

+24.8% from 2019

Annual return

6.03%

+1.73 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$788K

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

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

+18.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23334

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$63,666

$100,895-36.9%

$90,430-29.6%

$158,950-59.9%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

6.03%

1725.54%-1719.5pp

1293.73%-1287.7pp

302.91%-296.9pp

Employer contribution / active EE

$2,944

$3,689-20.2%

$3,262-9.7%

$4,762-38.2%

Participant deferral / active EE

$6,628

$4,347+52.5%

$3,963+67.3%

$5,983+10.8%

Admin fee / account holder

$6,505-100.0%

$5,613-100.0%

$11,248-100.0%

KENTUCKY RETIRED TEACHERS ASSOCIATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KENTUCKY RETIRED TEACHERS ASSOCIATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion