Retirement plan

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

Name: KHS AMERICA, INC. - KHS AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST (2021) 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 2021

12020 VOLUNTEER BOULEVARD - MT. JULIET, TN 37122615-773-9900khs-america.comLinkedIn51-200 employeesmusic

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.3M

-5.8% from 2020

Total participants

150

+17.2% from 2020

Average account balance

$68,439

-6.6% from 2020

Annual return

9.11%

-4.66 pp from 2020

Benchmarks

See 2,250 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,250 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
FIRST TENNESSEE BANK2 years Filed as: FIRST TENNESSEE BROKERAGE INC Service code 27 · EIN 62-1254528	Advisory (Plan)	$14,752
FIRST HORIZON ADVISORS INC1 year Service code 27 530 OAK COURT DRIVE · MEMPHIS, TN 38117	Advisory (Plan)	$13,635
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 15 · EIN 13-3689044	Recordkeeping	$10,452
MAXWELL LOCKE & RITTER LLP1 year Filed as: MAXWELL LOCKE& RITTER, LLP Service code 10 401 CONGRESS AVE · AUSTIN, TX 78701	Accounting	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,223
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDING INC DBA FUTUREPLAN Service code 13 · EIN 82-3719843 101 W BROADWAY · SAN DIEGO, CA 92101	Contract Administrator	$1,125
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$650

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$62K

$530 / participant

Contract admin$62K100.0%

% of EOY assets

0.743%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,439

$93,182-26.6%

$146,665-53.3%

$79,386-13.8%

Participation rate

76.1%

76.4%-0.4pp

80.1%-4.0pp

70.7%+5.4pp

Annual return

9.11%

21.61%-12.5pp

22.74%-13.6pp

116.85%-107.7pp

Employer contribution / active EE

$1,577

$2,420-34.8%

$4,136-61.9%

$2,427-35.1%

Participant deferral / active EE

$4,451

$4,169+6.8%

$5,506-19.2%

$4,046+10.0%

Admin fee / account holder

$509

$585-13.1%

$10,280-95.1%

$626-18.8%

Provider

Service type

Compensation

FIRST TENNESSEE BANK2 years

Filed as: FIRST TENNESSEE BROKERAGE INC

Service code 27 · EIN 62-1254528

Advisory (Plan)

$14,752

FIRST HORIZON ADVISORS INC1 year

Service code 27

530 OAK COURT DRIVE · MEMPHIS, TN 38117

Advisory (Plan)

$13,635

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 15 · EIN 13-3689044

Recordkeeping

$10,452

MAXWELL LOCKE & RITTER LLP1 year

Filed as: MAXWELL LOCKE& RITTER, LLP

Service code 10

401 CONGRESS AVE · AUSTIN, TX 78701

Accounting

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,223

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDING INC DBA FUTUREPLAN

Service code 13 · EIN 82-3719843

101 W BROADWAY · SAN DIEGO, CA 92101

Contract Administrator

$1,125

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$650

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