Retirement plan

KELLY MCKNIGHT WRECKER SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: KELLY MCKNIGHT WRECKER SERVICE, INC. - KELLY MCKNIGHT WRECKER SERVICE, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: KELLY MCKNIGHT WRECKER SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLY MCKNIGHT WRECKER SERVICE, INC. 401(K) PROFIT SHARING PLAN, KELLY MCKNIGHT WRECKER SERVICE, INC.

KELLY MCKNIGHT WRECKER SERVICE, INC.EIN 75-1645995Plan #001PY 2015

1108 HARRISON, P.O. BOX 1052 - ARLINGTON, TX 76004817-265-1336kellymcknightwrecker.comLinkedIn11-50 employees

Prospect flagsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$840K

No prior year

Total participants

No prior year

Average account balance

$27,086

No prior year

Annual return

1.54%

No prior year

Benchmarks

See 3,171 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,171 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$591K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

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

+5.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3498

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$45K

$1550 / participant

Other / not subdivided$45K100.0%

% of EOY assets

5.353%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,086

$44,850-39.6%

$60,547-55.3%

$59,633-54.6%

Participation rate

93.1%

59.5%+33.6pp

68.0%+25.1pp

68.7%+24.4pp

Annual return

1.54%

1074.14%-1072.6pp

335.64%-334.1pp

2041.45%-2039.9pp

Employer contribution / active EE

$1,462-100.0%

$2,419-100.0%

$2,203-100.0%

Participant deferral / active EE

$1,123

$2,230-49.7%

$3,328-66.3%

$3,192-64.8%

Admin fee / account holder

$1,450

$3,635-60.1%

$4,536-68.0%

$4,297-66.3%

KELLY MCKNIGHT WRECKER SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLY MCKNIGHT WRECKER SERVICE, 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