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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#002Retirement-$3.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$49.8M

+18.8% from 2023

Total participants

173

+1.2% from 2023

Average account balance

$287,577

-3.2% from 2023

Annual return

12.38%

-3.28 pp from 2023

Benchmarks

See 491 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort491 peers

Snapshot2024

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 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 26 · EIN 02-0653829 3010 E. BATTLEFIELD · SPRINGFIELD, MO 65804	Advisory (Participants)	$82,018
LINCOLN NATIONAL CORPORATION2 years Service code 15 · EIN 35-1140070 1301 S. HARRISON STREET · FORT WAYNE, IN 46801	Recordkeeping	$16,180

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$100K

$678 / participant

Recordkeeping$16K16.2%
Investment mgmt$83K83.8%

% of EOY assets

0.200%

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

$287,577

$58,926+388.0%

$97,226+195.8%

$74,495+286.0%

Participation rate

100.0%

63.5%+36.5pp

72.7%+27.3pp

67.2%+32.8pp

Annual return

12.38%

16.04%-3.7pp

75.13%-62.8pp

1364.94%-1352.6pp

Employer contribution / active EE

$24,255

$1,894+1180.5%

$2,729+788.9%

$2,623+824.7%

Participant deferral / active EE

$4,392

$3,664+19.9%

$4,264+3.0%

$4,346+1.1%

Admin fee / account holder

$576

$1,974-70.8%

$5,654-89.8%

$1,942-70.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 26 · EIN 02-0653829

3010 E. BATTLEFIELD · SPRINGFIELD, MO 65804

Advisory (Participants)

$82,018

LINCOLN NATIONAL CORPORATION2 years

Service code 15 · EIN 35-1140070

1301 S. HARRISON STREET · FORT WAYNE, IN 46801

Recordkeeping

$16,180

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