Retirement plan

KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN

Name: KIMBEL MECHANICAL SYSTEMS, INC. - KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN (2019) Form 5500
Creator: KIMBEL MECHANICAL SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN, KIMBEL MECHANICAL SYSTEMS, INC.

KIMBEL MECHANICAL SYSTEMS, INC.EIN 62-1703316Plan #001PY 2019

1936 N SHILOH DR - FAYETTEVILLE, AR 72704479-582-3899kimbelmechanical.comLinkedIn501-1000 employeesconstruction

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed June 28, 2024 (most recent of 2 filings on file)

Plan administrator

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1936 N. Shiloh Drive, Suite 1

Fayetteville, AR 72704

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Plans declared (1)

Executive Severance Policy7 emp

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Total assets (EOY)

$8.1M

+41.6% from 2018

Total participants

355

+26.3% from 2018

Average account balance

$30,150

-10.5% from 2018

Annual return

27.79%

+35.46 pp from 2018

Benchmarks

See 1,258 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,258 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.83M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

711

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES INSURANCE GROUP,INC. Service code 52 · EIN 59-1199408 880 CARILLON PARKWAY · ST PETERS, FL 33716	Indirect Investment Fees	$44,084
ARVEST ASSET MANAGEMENT1 year Filed as: ARVEST WEALTH MANAGMENT Service code 52 PO BOX 1515 · LOWELL, AR 717451515	Indirect Investment Fees	$9,580
ARVEST ASSET MANAGEMENT2 years Filed as: ARVEST WEATLH MANAGEMENT Service code 52	Indirect Investment Fees	$9,580
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$3,293

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$61K

$194 / participant

Other / not subdivided$61K100.0%

% of EOY assets

0.757%

all-in expense ratio

Categories reported

0 / 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: CONNER ASH PC
Auditor EIN: 431012822
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,150

$66,601-54.7%

$92,903-67.5%

$67,579-55.4%

Participation rate

72.8%

72.5%+0.3pp

76.0%-3.2pp

71.3%+1.5pp

Annual return

27.79%

92.58%-64.8pp

109.43%-81.6pp

378.56%-350.8pp

Employer contribution / active EE

$1,146

$2,775-58.7%

$3,653-68.6%

$2,148-46.7%

Participant deferral / active EE

$2,642

$3,157-16.3%

$4,238-37.6%

$3,539-25.3%

Admin fee / account holder

$228

$199+14.7%

$5,795-96.1%

$142+60.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES INSURANCE GROUP,INC.

Service code 52 · EIN 59-1199408

880 CARILLON PARKWAY · ST PETERS, FL 33716

Indirect Investment Fees

$44,084

ARVEST ASSET MANAGEMENT1 year

Filed as: ARVEST WEALTH MANAGMENT

Service code 52

PO BOX 1515 · LOWELL, AR 717451515

Indirect Investment Fees

$9,580

ARVEST ASSET MANAGEMENT2 years

Filed as: ARVEST WEATLH MANAGEMENT

Service code 52

Indirect Investment Fees

$9,580

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$3,293

KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIMBEL MECHANICAL SYSTEMS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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