Retirement plan

KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST

Name: KHS AMERICA, INC. - KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: KHS AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST, KHS AMERICA, INC.

KHS AMERICA, INC.EIN 62-1647262Plan #002PY 2018

12020 VOLUNTEER BLVD - MT. JULIET, TN 371223183615-773-9900khs-america.comLinkedIn51-200 employeesmusic

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$7.3M

-0.5% from 2017

Total participants

147

-3.9% from 2017

Average account balance

$53,684

-0.5% from 2017

Annual return

-7.36%

-26.90 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.10M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

127

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$747K

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

+10.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$44,226
FTB ADVISORS, INC.3 years Filed as: FTB ADVISORS Service code 27 · EIN 62-1254528	Advisory (Plan)	$27,379
AVINTUS3 years Filed as: AVINTUS, LLC Service code 15 · EIN 04-3682160 113 SEABOARD LANE, SUITE B150 · FRANKLIN, TN 37067	Recordkeeping	$1,866

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2S

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$107K

$1012 / participant

Contract admin$107K100.0%

% of EOY assets

1.470%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAXWELL LOCKE & RITTER LLP
Auditor EIN: 742900215
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,684

$66,302-19.0%

$110,243-51.3%

$56,289-4.6%

Participation rate

89.6%

74.9%+14.7pp

79.8%+9.8pp

69.9%+19.8pp

Annual return

-7.36%

-1.18%-6.2pp

314.76%-322.1pp

-9.96%+2.6pp

Employer contribution / active EE

$1,975

$2,047-3.5%

$3,827-48.4%

$2,111-6.5%

Participant deferral / active EE

$4,887

$3,381+44.5%

$4,672+4.6%

$3,350+45.9%

Admin fee / account holder

$789

$698+13.0%

$8,548-90.8%

$521+51.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$44,226

FTB ADVISORS, INC.3 years

Filed as: FTB ADVISORS

Service code 27 · EIN 62-1254528

Advisory (Plan)

$27,379

AVINTUS3 years

Filed as: AVINTUS, LLC

Service code 15 · EIN 04-3682160

113 SEABOARD LANE, SUITE B150 · FRANKLIN, TN 37067

Recordkeeping

$1,866

KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST

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