Retirement plan

CLASSIC KITCHENS OF SOUTH FLORIDA, INC. PROFIT SHARING & 401(K) PLAN

Name: CLASSIC KITCHENS OF SOUTH FLORIDA, INC. - CLASSIC KITCHENS OF SOUTH FLORIDA, INC. PROFIT SHARING & 401(K) PLAN (2023) Form 5500
Creator: CLASSIC KITCHENS OF SOUTH FLORIDA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLASSIC KITCHENS OF SOUTH FLORIDA, INC. PROFIT SHARING & 401(K) PLAN, CLASSIC KITCHENS OF SOUTH FLORIDA, INC.

CLASSIC KITCHENS OF SOUTH FLORIDA, INC.EIN 65-0296338Plan #001PY 2023

4900 LYONS TECHNOLOGY PARKWAY, UNIT# 10 - COCONUT CREEK, FL 33073954-354-0352

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.3M

+24.1% from 2022

Total participants

+11.1% from 2022

Average account balance

$223,562

+24.1% from 2022

Annual return

15.73%

+21.43 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.56M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17879

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J3D

Plan features

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,562

$106,280+110.4%

$96,538+131.6%

$139,487+60.3%

Participation rate

60.0%

77.8%-17.8pp

74.3%-14.3pp

80.3%-20.3pp

Annual return

15.73%

38.48%-22.8pp

35.74%-20.0pp

373.84%-358.1pp

Employer contribution / active EE

$1,733

$4,107-57.8%

$3,740-53.7%

$4,755-63.6%

Participant deferral / active EE

$7,324

$5,457+34.2%

$4,880+50.1%

$6,713+9.1%

Admin fee / account holder

$7,888-100.0%

$6,737-100.0%

$11,407-100.0%

CLASSIC KITCHENS OF SOUTH FLORIDA, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CLASSIC KITCHENS OF SOUTH FLORIDA, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion