Retirement plan

WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. 403B PLAN

Name: WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. - WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. 403B PLAN (2024) Form 5500
Creator: WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. 403B PLAN, WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC.

WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC.EIN 61-1272294Plan #001PY 2024

200 THEATRE BLDG., 629 S. FOURTH AVENUE - LOUISVILLE, KY 40202502-584-0525LinkedIn11-50 employeesindividual & family services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.8M

+27.7% from 2023

Total participants

0.0% from 2023

Average account balance

$438,197

+27.7% from 2023

Annual return

24.95%

+12.95 pp from 2023

Benchmarks

See 49,898 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,898 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.76M

Not enough data

1 years with asset history on file

Average account balance

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

$438K

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$338K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+24.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7625

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 codes2G2M2T3D3H

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
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

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

$153K

$8026 / participant

Other / not subdivided$153K100.0%

% of EOY assets

1.740%

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

$438,197

$88,778+393.6%

$81,844+435.4%

$145,884+200.4%

Participation rate

100.0%

75.1%+24.9pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

24.95%

1033.03%-1008.1pp

778.87%-753.9pp

551.85%-526.9pp

Employer contribution / active EE

$11,912

$3,087+285.9%

$2,916+308.4%

$4,662+155.5%

Participant deferral / active EE

$5,902

$4,648+27.0%

$4,323+36.5%

$6,690-11.8%

Admin fee / account holder

$7,625

$8,430-9.6%

$7,355+3.7%

$13,392-43.1%

WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN KENTUCKY FEDERAL COMMUNITY DEFENDER, INC. 403B 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