Retirement plan

DAN KLORES COMMUNICATIONS, LLC 401(K) SAVINGS PLAN

Name: DAN KLORES COMMUNICATIONS, LLC - DAN KLORES COMMUNICATIONS, LLC 401(K) SAVINGS PLAN (2023) Form 5500
Creator: DAN KLORES COMMUNICATIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAN KLORES COMMUNICATIONS, LLC 401(K) SAVINGS PLAN, DAN KLORES COMMUNICATIONS, LLC

DAN KLORES COMMUNICATIONS, LLCEIN 61-1568930Plan #001PY 2023

261 FIFTH AVENUE, 3RD FLOOR - NEW YORK, NY 10016212-685-4300

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.8M

+29.3% from 2022

Total participants

301

-2.9% from 2022

Average account balance

$76,949

+21.3% from 2022

Annual return

20.35%

+37.52 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.00M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

251

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS8 years Service code 26 · EIN 04-3422848	Advisory (Participants)	$30,501
SENTINEL PENSION ADVISORS5 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$25,911
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$6,632

Plan features & details

Pension benefit codes2E2G2J2K3D3H2T

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.
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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$63K

$303 / participant

Recordkeeping$26K41.1%
Trustee / custodial$6K9.7%
Investment mgmt$31K48.4%
Other / not subdivided$5050.8%

% of EOY assets

0.336%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,949

$91,424-15.8%

$135,942-43.4%

$71,495+7.6%

Participation rate

72.6%

75.7%-3.1pp

81.9%-9.3pp

67.9%+4.7pp

Annual return

20.35%

29.90%-9.6pp

68.28%-47.9pp

28.85%-8.5pp

Employer contribution / active EE

$1,586

$3,704-57.2%

$4,858-67.3%

$2,589-38.7%

Participant deferral / active EE

$7,194

$7,092+1.4%

$7,759-7.3%

$4,291+67.7%

Admin fee / account holder

$258

$1,266-79.6%

$10,764-97.6%

$1,588-83.7%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS8 years

Service code 26 · EIN 04-3422848

Advisory (Participants)

$30,501

SENTINEL PENSION ADVISORS5 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$25,911

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$6,632

DAN KLORES COMMUNICATIONS, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAN KLORES COMMUNICATIONS, LLC 401(K) SAVINGS 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