Retirement plan

KINGS III OF AMERICA, LLC 401(K)

Name: KINGS III OF AMERICA, LLC - KINGS III OF AMERICA, LLC 401(K) (2024) Form 5500
Creator: KINGS III OF AMERICA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGS III OF AMERICA, LLC 401(K), KINGS III OF AMERICA, LLC

KINGS III OF AMERICA, LLCEIN 75-2411095Plan #001PY 2024

751 CANYON DRIVE, SUITE 100 - COPPELL, TX 75019972-462-0611

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10.8M

+19.1% from 2023

Total participants

348

+26.1% from 2023

Average account balance

$46,643

-1.0% from 2023

Annual return

13.57%

-3.39 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.77M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

231

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.

63.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL, INC. Service code 26 353 NORTH CLARK STREET · CHICAGO, IL 60654	Advisory (Participants)	$24,886
NEWPORT GROUP, INC.9 years Service code 13 · EIN 27-2037969	Contract Administrator	$13,023

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$118 / participant

Recordkeeping$8K20.3%
Investment mgmt$25K65.6%
Contract admin$5K14.0%

% of EOY assets

0.352%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,643

$45,109+3.4%

$85,240-45.3%

$77,762-40.0%

Participation rate

63.7%

48.7%+15.0pp

67.5%-3.9pp

70.6%-6.9pp

Annual return

13.57%

79.55%-66.0pp

66.75%-53.2pp

31.27%-17.7pp

Employer contribution / active EE

$1,602-100.0%

$2,735-100.0%

$2,728-100.0%

Participant deferral / active EE

$4,829

$2,814+71.6%

$4,527+6.7%

$4,651+3.8%

Admin fee / account holder

$164

$915-82.1%

$6,165-97.3%

$433-62.1%

Provider

Service type

Compensation

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL, INC.

Service code 26

353 NORTH CLARK STREET · CHICAGO, IL 60654

Advisory (Participants)

$24,886

NEWPORT GROUP, INC.9 years

Service code 13 · EIN 27-2037969

Contract Administrator

$13,023

KINGS III OF AMERICA, LLC 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINGS III OF AMERICA, LLC 401(K)

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