Retirement plan

KRISTEN DISTRIBUTING COMPANY, INC. 401(K) RETIREMENT PLAN

Name: KRISTEN DISTRIBUTING COMPANY, INC. - KRISTEN DISTRIBUTING COMPANY, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: KRISTEN DISTRIBUTING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRISTEN DISTRIBUTING COMPANY, INC. 401(K) RETIREMENT PLAN, KRISTEN DISTRIBUTING COMPANY, INC.

KRISTEN DISTRIBUTING COMPANY, INC.EIN 74-2063281Plan #002PY 2022

8301 N. HWY. 6 - BRYAN, TX 77807979-775-6322kristendistributing.comLinkedIn51-200 employeeswholesale

Prospect flagsLow participationLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

-2.1% from 2021

Total participants

184

+12.2% from 2021

Average account balance

$36,931

-5.8% from 2021

Annual return

-7.40%

-24.22 pp from 2021

Benchmarks

See 2,291 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,291 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.96M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$291K

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

+11.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12488

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,175
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 27 4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 32246	Advisory (Plan)	$8,068
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROUP PENSION SERVICES INC Service code 13 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609	Contract Administrator	$850
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$512
QDRO CONSULTANTS COMPANY, LLC1 year Service code 99 3071 PEARL ROAD · MEDINA, OH 44256	Other Fees	$400
MALCOLM THOMPSON & ASSOCIATES6 years Service code 13 · EIN 26-4203770 20445 TX STATE HWY. 249, SUITE 400 · HOUSTON, TX 77070	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$19K

$128 / participant

Contract admin$19K100.0%

% of EOY assets

0.653%

all-in expense ratio

Categories reported

1 / 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: AXLEY & RODE, LLP
Auditor EIN: 750767305
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,931

$86,655-57.4%

$119,609-69.1%

$66,914-44.8%

Participation rate

29.5%

75.6%-46.0pp

79.3%-49.7pp

69.8%-40.3pp

Annual return

-7.40%

-8.00%+0.6pp

-14.97%+7.6pp

1.58%-9.0pp

Employer contribution / active EE

$424

$2,536-83.3%

$4,232-90.0%

$2,544-83.4%

Participant deferral / active EE

$1,130

$4,358-74.1%

$5,602-79.8%

$4,237-73.3%

Admin fee / account holder

$241

$755-68.1%

$10,323-97.7%

$593-59.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,175

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 27

4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 32246

Advisory (Plan)

$8,068

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROUP PENSION SERVICES INC

Service code 13

917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609

Contract Administrator

$850

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$512

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 99

3071 PEARL ROAD · MEDINA, OH 44256

Other Fees

$400

MALCOLM THOMPSON & ASSOCIATES6 years

Service code 13 · EIN 26-4203770

20445 TX STATE HWY. 249, SUITE 400 · HOUSTON, TX 77070

Contract Administrator

KRISTEN DISTRIBUTING COMPANY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRISTEN DISTRIBUTING COMPANY, INC. 401(K) RETIREMENT 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