Retirement plan

KENCOIL, INC. PROFIT SHARING PLAN AND TRUST

Name: KENCOIL, INC. - KENCOIL, INC. PROFIT SHARING PLAN AND TRUST (2019) 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 2019

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

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.6M

+29.0% from 2018

Total participants

113

-18.1% from 2018

Average account balance

$85,382

+30.5% from 2018

Annual return

20.57%

+26.50 pp from 2018

Benchmarks

See 287 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort287 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT-WEST LIFE ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,579
EMPLOYEE PLAN COMPLIANCE COMPANY5+ years Service code 13 6555 PERKINS ROAD, SUITE 400 · BATON ROUGE, LA 70808	Contract Administrator	$6,570
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$863
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 55	Other Commissions	$218
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH LIFE ANGECY, INC. Service code 55 1215 4TH AVENUE 26TH FL · SEATTLE, WA 98161	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

2 tripped

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

$12K

$117 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.164%

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: WEGMANN DAZET & COMPANY, APC
Auditor EIN: 720870824
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,382

$67,703+26.1%

$127,803-33.2%

$65,185+31.0%

Participation rate

77.4%

74.5%+2.9pp

79.0%-1.7pp

70.2%+7.2pp

Annual return

20.57%

24.36%-3.8pp

26.14%-5.6pp

29.38%-8.8pp

Employer contribution / active EE

$1,517

$3,724-59.3%

$4,576-66.9%

$2,177-30.3%

Participant deferral / active EE

$3,686

$4,787-23.0%

$6,023-38.8%

$3,514+4.9%

Admin fee / account holder

$140

$618-77.4%

$9,399-98.5%

$847-83.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT-WEST LIFE ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,579

EMPLOYEE PLAN COMPLIANCE COMPANY5+ years

Service code 13

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

Contract Administrator

$6,570

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$863

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH LIFE AGENCY, INC.

Service code 55

Other Commissions

$218

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH LIFE ANGECY, INC.

Service code 55

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

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