Retirement plan

ROSE NEATH FUNERAL HOMES RETIREMENT SAVINGS PLAN

Name: KILPATRICK ROSE NEATH FUNERAL HOME, CREMATORIUM AND CEMETERIES, INC. - ROSE NEATH FUNERAL HOMES RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: KILPATRICK ROSE NEATH FUNERAL HOME, CREMATORIUM AND CEMETERIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROSE NEATH FUNERAL HOMES RETIREMENT SAVINGS PLAN, KILPATRICK ROSE NEATH FUNERAL HOME, CREMATORIUM AND CEMETERIES, INC.

KILPATRICK ROSE NEATH FUNERAL HOME, CREMATORIUM AND CEMETERIES, INC.EIN 72-0303980Plan #002PY 2023

1815 MARSHALL STREET - SHREVEPORT, LA 71101318-222-0438

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+7.4% from 2022

Total participants

123

-3.9% from 2022

Average account balance

$40,026

+13.9% from 2022

Annual return

11.22%

+24.83 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.35M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$321K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$445

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP4+ years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$35,049
JAMES, HARDY AND HALEY, CPAS1 year Filed as: JAMES + HARDY + HALEY, CPAS Service code 10 · EIN 72-1124598	Accounting	$11,750
KEMP AND ASSOCIATES LLC4+ years Service code 27 · EIN 72-1480866	Advisory (Plan)	$4,214

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$51K

$646 / participant

Investment mgmt$4K8.3%
Contract admin$35K68.7%
Other / not subdivided$12K23.0%

% of EOY assets

1.287%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN & BELL CPAS, LLC
Auditor EIN: 464136114
Audit fees: $11,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,026

$57,330-30.2%

$86,656-53.8%

$75,177-46.8%

Participation rate

69.6%

63.2%+6.4pp

71.7%-2.1pp

67.2%+2.4pp

Annual return

11.22%

2675.40%-2664.2pp

593.09%-581.9pp

160.75%-149.5pp

Employer contribution / active EE

$842

$2,316-63.6%

$3,025-72.2%

$2,671-68.5%

Participant deferral / active EE

$2,301

$3,320-30.7%

$4,439-48.2%

$4,126-44.2%

Admin fee / account holder

$515

$4,115-87.5%

$5,619-90.8%

$5,651-90.9%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP4+ years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$35,049

JAMES, HARDY AND HALEY, CPAS1 year

Filed as: JAMES + HARDY + HALEY, CPAS

Service code 10 · EIN 72-1124598

Accounting

$11,750

KEMP AND ASSOCIATES LLC4+ years

Service code 27 · EIN 72-1480866

Advisory (Plan)

$4,214

ROSE NEATH FUNERAL HOMES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROSE NEATH FUNERAL HOMES RETIREMENT SAVINGS 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