Retirement plan

KIZAN TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN

Name: KIZAN TECHNOLOGIES, LLC - KIZAN TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KIZAN TECHNOLOGIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIZAN TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN, KIZAN TECHNOLOGIES, LLC

KIZAN TECHNOLOGIES, LLCEIN 61-1377783Plan #001PY 2024

9462 BROWNSBORO RD, SUITE 327 - LOUISVILLE, KY 40241502-292-4824kizan.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.2M

+21.0% from 2023

Total participants

142

-2.7% from 2023

Average account balance

$89,029

+27.2% from 2023

Annual return

15.29%

-4.04 pp from 2023

Benchmarks

See 1,011 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,011 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.20M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

137

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$47,286
AMERIPRISE FINANCIAL SERVICES INC3 years Service code 49 · EIN 41-0973005	Other Services	$16,814
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$10,891
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMANT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T

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).
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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$53K

$467 / participant

Contract admin$53K100.0%

% of EOY assets

0.432%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MONROE SHINE & CO., INC.
Auditor EIN: 351515068
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,029

$79,089+12.6%

$100,392-11.3%

$74,459+19.6%

Participation rate

95.6%

79.4%+16.1pp

81.5%+14.1pp

67.2%+28.4pp

Annual return

15.29%

20.61%-5.3pp

49.45%-34.2pp

1369.70%-1354.4pp

Employer contribution / active EE

$2,227

$3,015-26.1%

$3,941-43.5%

$2,626-15.2%

Participant deferral / active EE

$8,777

$7,747+13.3%

$8,090+8.5%

$4,350+101.8%

Admin fee / account holder

$385

$1,336-71.2%

$7,904-95.1%

$1,945-80.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$47,286

AMERIPRISE FINANCIAL SERVICES INC3 years

Service code 49 · EIN 41-0973005

Other Services

$16,814

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$10,891

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMANT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

KIZAN TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIZAN TECHNOLOGIES, LLC 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