Retirement plan

KASPAR WIRE WORKS, INC. 401(K) PROFIT SHARING PLAN

Name: KASPAR WIRE WORKS, INC. - KASPAR WIRE WORKS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: KASPAR WIRE WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KASPAR WIRE WORKS, INC. 401(K) PROFIT SHARING PLAN, KASPAR WIRE WORKS, INC.

KASPAR WIRE WORKS, INC.EIN 74-1209990Plan #002PY 2021

959 STATE HWY 95N - SHINER, TX 77984361-594-3327kasparwireworks.comLinkedIn201-500 employees

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.5M

-5.6% from 2020

Total participants

283

-35.7% from 2020

Average account balance

$69,996

+45.0% from 2020

Annual return

13.01%

+1.73 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.54M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

249

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.

42.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$648K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PROSPERA FINANCIAL SERVICES7+ years Filed as: PROSPERA FINANCIAL SERVICES INC Service code 27 5429 LBJ FREEWAY STE 750 · DALLAS, TX 75240	Advisory (Plan)	$39,451
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,905
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,250
FLEXIBLE PLAN INVESTMENTS LTD7+ years Service code 33 · EIN 38-2340348	Securities brokerage	$350
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO., INC Service code 33	Securities brokerage	$0
CHARLES SCHWAB & CO., INC.5 years Service code 33 · EIN 94-1737782	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$209 / participant

Investment mgmt$38K96.0%
Contract admin$1K3.1%
Other / not subdivided$3500.9%

% of EOY assets

0.256%

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: ADKF, PC
Auditor EIN: 742606559
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,996

$84,936-17.6%

$111,297-37.1%

$79,386-11.8%

Participation rate

67.9%

75.9%-8.0pp

77.3%-9.4pp

70.7%-2.8pp

Annual return

13.01%

17.45%-4.4pp

54.65%-41.6pp

116.85%-103.8pp

Employer contribution / active EE

$1,979-100.0%

$2,731-100.0%

$2,427-100.0%

Participant deferral / active EE

$2,217

$3,888-43.0%

$4,487-50.6%

$4,046-45.2%

Admin fee / account holder

$179

$537-66.7%

$7,964-97.8%

$626-71.4%

Provider

Service type

Compensation

PROSPERA FINANCIAL SERVICES7+ years

Filed as: PROSPERA FINANCIAL SERVICES INC

Service code 27

5429 LBJ FREEWAY STE 750 · DALLAS, TX 75240

Advisory (Plan)

$39,451

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,905

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,250

FLEXIBLE PLAN INVESTMENTS LTD7+ years

Service code 33 · EIN 38-2340348

Securities brokerage

$350

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33

Securities brokerage

CHARLES SCHWAB & CO., INC.5 years

Service code 33 · EIN 94-1737782

Securities brokerage

KASPAR WIRE WORKS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KASPAR WIRE WORKS, 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