Retirement plan

KELSEY-SEYBOLD 401(K) PLAN

Name: KS MANAGEMENT SERVICES, L.L.C. - KELSEY-SEYBOLD 401(K) PLAN (2024) Form 5500
Creator: KS MANAGEMENT SERVICES, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELSEY-SEYBOLD 401(K) PLAN, KS MANAGEMENT SERVICES, L.L.C.

KS MANAGEMENT SERVICES, L.L.C.EIN 76-0602862Plan #002PY 2024

6022 BLUE CIRCLE DRIVE, MN103-0300 - MINNETONKA, MN 55343952-936-1300

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed July 8, 2019 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$743.5M

-10.3% from 2016

Total participants

8,442

-4.7% from 2016

Average account balance

$91,142

-6.1% from 2016

Annual return

15.47%

-8.11 pp from 2016

Benchmarks

See 237 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort237 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$743.54M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

8,158

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVEST INST CO., LLC Service code 37 · EIN 04-2647786	Loan Processing	$309,649
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY Service code 10 · EIN 39-0859910	Accounting	$23,500
VALORIE S FOSTER, CPA1 year Service code 10 · EIN 20-0704290	Accounting	$7,000
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVST INSTNL OPRTN CO. INC Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$338K

$53 / participant

Recordkeeping$307K91.0%
Other / not subdivided$31K9.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

1 / 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: $30,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,142

$68,110+33.8%

$155,556-41.4%

$99,313-8.2%

Participation rate

95.5%

67.8%+27.7pp

78.2%+17.3pp

71.7%+23.8pp

Annual return

15.47%

16.16%-0.7pp

64.84%-49.4pp

17.67%-2.2pp

Employer contribution / active EE

$2,394

$2,291+4.5%

$4,675-48.8%

$3,264-26.7%

Participant deferral / active EE

$6,758

$3,865+74.9%

$5,631+20.0%

$5,346+26.4%

Admin fee / account holder

$41

$94-56.0%

$15,885-99.7%

$109-62.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVEST INST CO., LLC

Service code 37 · EIN 04-2647786

Loan Processing

$309,649

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY

Service code 10 · EIN 39-0859910

Accounting

$23,500

VALORIE S FOSTER, CPA1 year

Service code 10 · EIN 20-0704290

Accounting

$7,000

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVST INSTNL OPRTN CO. INC

Service code 60

Sub-TA Fees

KELSEY-SEYBOLD 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELSEY-SEYBOLD 401(K) PLAN

Top hat statement on fileNQDC

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