Retirement plan

K & K VETERINARY SUPPLY, INC. 401(K) PROFIT SHARING PLAN

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

K & K VETERINARY SUPPLY, INC.EIN 71-0659150Plan #001PY 2023

675 LAURA LANE, P. O. BOX 1090 - TONTITOWN, AR 727701090479-357-7101kkvet.comLinkedIn51-200 employeesveterinary

Other plans on this EIN

1 filing

#002Retirement-$2.2M assets

Prospect flagsHigh feesHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$41.9M

+18.6% from 2022

Total participants

171

+36.8% from 2022

Average account balance

$296,970

No prior year

Annual return

15.66%

+27.32 pp from 2022

Benchmarks

See 502 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort502 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$49.75M

Not enough data

1 years with asset history on file

Average account balance

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

$288K

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.

173

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+12.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$576

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1 year Service code 15 · EIN 35-1140070 1301 S. HARRISON STREET · FORT WAYNE, IN 46801	Recordkeeping	$74,888

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$77K

$557 / participant

Investment mgmt$75K97.5%
Contract admin$2K2.5%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

2 / 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: PIERCE FIRM, PLLC
Auditor EIN: 474595624
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$296,970

$51,315+478.7%

$95,745+210.2%

$71,457+315.6%

Participation rate

78.3%

63.0%+15.2pp

72.3%+6.0pp

67.9%+10.3pp

Annual return

15.66%

25.26%-9.6pp

28.35%-12.7pp

28.85%-13.2pp

Employer contribution / active EE

$19,658

$1,819+980.7%

$2,835+593.5%

$2,588+659.7%

Participant deferral / active EE

$4,266

$3,358+27.1%

$4,245+0.5%

$4,289-0.5%

Admin fee / account holder

$545

$1,137-52.1%

$5,678-90.4%

$1,587-65.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 15 · EIN 35-1140070

1301 S. HARRISON STREET · FORT WAYNE, IN 46801

Recordkeeping

$74,888

K & K VETERINARY SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K & K VETERINARY SUPPLY, INC. 401(K) PROFIT SHARING PLAN

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