Retirement plan

KENCOIL, INC. PROFIT SHARING PLAN AND TRUST

Name: KENCOIL, INC. - KENCOIL, INC. PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: KENCOIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENCOIL, INC. PROFIT SHARING PLAN AND TRUST, KENCOIL, INC.

KENCOIL, INC.EIN 72-0944185Plan #001PY 2015

2805 ENGINEERS ROAD - BELLE CHASSE, LA 70037800-221-8577kencoil.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

No prior year

Total participants

122

No prior year

Average account balance

$55,920

No prior year

Annual return

-1.65%

No prior year

Benchmarks

See 294 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort294 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.16M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

64.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$651K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7472

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

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT-WEST LIFE ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,632
STERNE AGEE FINANCIAL SERVICES1+ years Filed as: STERNE AGEE & LEACH Service code 55	Other Commissions	$10,734
EMPLOYEE PLAN COMPLIANCE COMPANY1+ years Service code 13 6555 PERKINS ROAD, SUITE 400 · BATON ROUGE, LA 70808	Contract Administrator	$4,956
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 55	Other Commissions	$447
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$52
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH LIFE ANGECY, INC. Service code 55 1215 4TH AVENUE 26TH FL · SEATTLE, WA 98161	Other Commissions	$0
STERNE AGEE FINANCIAL SERVICES1+ years Filed as: STERNE AGEE LEACH Service code 55 800 SHADES CREEK PARKWAY · BIRMINGHAM, AL 35209	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

Expense breakdown

Schedule H Part II

Admin total

$11K

$98 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.240%

all-in expense ratio

Categories reported

1 / 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: POSTLETHWAITE AND NETTERVILLE
Auditor EIN: 721202445
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,920

$59,231-5.6%

$90,223-38.0%

$52,331+6.9%

Participation rate

68.1%

75.0%-6.9pp

79.0%-10.9pp

68.1%0pp

Annual return

-1.65%

3.53%-5.2pp

1.31%-3.0pp

4.54%-6.2pp

Employer contribution / active EE

$960

$3,391-71.7%

$4,378-78.1%

$1,882-49.0%

Participant deferral / active EE

$2,579

$4,659-44.6%

$5,792-55.5%

$3,022-14.7%

Admin fee / account holder

$134

$515-74.0%

$7,406-98.2%

$592-77.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT-WEST LIFE ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,632

STERNE AGEE FINANCIAL SERVICES1+ years

Filed as: STERNE AGEE & LEACH

Service code 55

Other Commissions

$10,734

EMPLOYEE PLAN COMPLIANCE COMPANY1+ years

Service code 13

6555 PERKINS ROAD, SUITE 400 · BATON ROUGE, LA 70808

Contract Administrator

$4,956

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH LIFE AGENCY, INC.

Service code 55

Other Commissions

$447

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$52

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH LIFE ANGECY, INC.

Service code 55

1215 4TH AVENUE 26TH FL · SEATTLE, WA 98161

Other Commissions

STERNE AGEE FINANCIAL SERVICES1+ years

Filed as: STERNE AGEE LEACH

Service code 55

800 SHADES CREEK PARKWAY · BIRMINGHAM, AL 35209

Other Commissions

KENCOIL, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENCOIL, INC. PROFIT SHARING PLAN AND TRUST

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