Retirement plan

JOE'S KANSAS CITY BAR-B-QUE, INC. EMPLOYEE SAVINGS TRUST

Name: JOE'S KANSAS CITY BAR-B-QUE, INC. - JOE'S KANSAS CITY BAR-B-QUE, INC. EMPLOYEE SAVINGS TRUST (2022) Form 5500
Creator: JOE'S KANSAS CITY BAR-B-QUE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOE'S KANSAS CITY BAR-B-QUE, INC. EMPLOYEE SAVINGS TRUST, JOE'S KANSAS CITY BAR-B-QUE, INC.

JOE'S KANSAS CITY BAR-B-QUE, INC.EIN 74-2836151Plan #001PY 2022

3002 WEST 47TH AVENUE - KANSAS CITY, KS 661033244913-722-3366joeskc.comLinkedIn51-200 employeesrestaurants

Prospect flagsHigh cashLow participationRecently reached 100 employeesLow fidelity bond

Top hat statement on fileNQDC

Filed January 13, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view

3002 W 47th Ave

Kansas City, KS 66103

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Plans declared (1)

Joe's Kansas City Bar-B-Que, Inc. Deferred Compensation Agreement1 emp

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How to read this page

Total assets (EOY)

$3.2M

-6.8% from 2021

Total participants

157

+14.6% from 2021

Average account balance

$30,850

-43.9% from 2021

Annual return

-15.99%

-30.48 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.62M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

124

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$620K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3519

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 5 by compensation

Provider	Service type	Compensation
GENEOS WEALTH MANAGEMENT INC2 years Filed as: GENEOS WEALTH MANAGEMENT Service code 27 9055 E. MINERAL CR. STREET · CENTENNIAL, CO 80112	Advisory (Plan)	$10,891
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE GROUP Service code 64 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$8,439
JP MORGAN INVESTMENT MANAGEMENT INC3 years Filed as: MEEDER ADVISORY SERVICES, INC. Service code 99 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Other Fees	$3,158
AEMPOWER ADVISORY GROUP, LLC1 year Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,525
DEMARS PENSION CONSULTING SERVICES3 years Filed as: DEMARS PENSION CONSULTING SERVICES, Service code 13 · EIN 48-0890241 8700 INDIAN CREEK PARKWAY · OVERLAND PARK, KS 66210	Contract Administrator	$525

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2R

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.
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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$24K

$168 / participant

Contract admin$24K100.0%

% of EOY assets

0.753%

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: PICKETT, CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,850

$49,451-37.6%

$79,550-61.2%

$66,914-53.9%

Participation rate

62.0%

61.3%+0.6pp

69.5%-7.5pp

69.8%-7.8pp

Annual return

-15.99%

84.25%-100.2pp

0.16%-16.2pp

1.58%-17.6pp

Employer contribution / active EE

$1,236

$1,266-2.4%

$2,413-48.8%

$2,544-51.4%

Participant deferral / active EE

$2,125

$3,159-32.7%

$3,985-46.7%

$4,237-49.9%

Admin fee / account holder

$232

$595-60.9%

$6,832-96.6%

$593-60.9%

Provider

Service type

Compensation

GENEOS WEALTH MANAGEMENT INC2 years

Filed as: GENEOS WEALTH MANAGEMENT

Service code 27

9055 E. MINERAL CR. STREET · CENTENNIAL, CO 80112

Advisory (Plan)

$10,891

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE GROUP

Service code 64

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$8,439

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Filed as: MEEDER ADVISORY SERVICES, INC.

Service code 99

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Other Fees

$3,158

AEMPOWER ADVISORY GROUP, LLC1 year

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,525

DEMARS PENSION CONSULTING SERVICES3 years

Filed as: DEMARS PENSION CONSULTING SERVICES,

Service code 13 · EIN 48-0890241

8700 INDIAN CREEK PARKWAY · OVERLAND PARK, KS 66210

Contract Administrator

$525

JOE'S KANSAS CITY BAR-B-QUE, INC. EMPLOYEE SAVINGS TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOE'S KANSAS CITY BAR-B-QUE, INC. EMPLOYEE SAVINGS TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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