Retirement plan

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

Name: KHS AMERICA, INC. - KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.9M

+8.5% from 2019

Total participants

128

+0.8% from 2019

Average account balance

$73,240

+5.8% from 2019

Annual return

13.77%

-7.16 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5 years Service code 15 · EIN 13-3689044	Recordkeeping	$36,117
FIRST TENNESSEE BANK1 year Filed as: FIRST TENNESSEE BROKERAGE INC Service code 27 · EIN 62-1254528	Advisory (Plan)	$28,568
KHS AMERICA1 year Service code 35 · EIN 62-1647262	Employee (plan sponsor)	$10,000
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$1,625

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

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

$113K

$1198 / participant

Contract admin$113K100.0%

% of EOY assets

1.270%

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

$73,240

$91,559-20.0%

$133,978-45.3%

$79,856-8.3%

Participation rate

92.6%

73.3%+19.2pp

79.8%+12.7pp

69.6%+22.9pp

Annual return

13.77%

61.85%-48.1pp

45.10%-31.3pp

31.71%-17.9pp

Employer contribution / active EE

$1,810

$2,384-24.1%

$3,919-53.8%

$2,471-26.8%

Participant deferral / active EE

$4,433

$3,734+18.7%

$5,047-12.2%

$3,741+18.5%

Admin fee / account holder

$930

$6,321-85.3%

$8,930-89.6%

$5,306-82.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Service code 15 · EIN 13-3689044

Recordkeeping

$36,117

FIRST TENNESSEE BANK1 year

Filed as: FIRST TENNESSEE BROKERAGE INC

Service code 27 · EIN 62-1254528

Advisory (Plan)

$28,568

KHS AMERICA1 year

Service code 35 · EIN 62-1647262

Employee (plan sponsor)

$10,000

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$1,625

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