Retirement plan

K2 SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Name: K2 SOLUTIONS INC. - K2 SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN (2020) Form 5500
Creator: K2 SOLUTIONS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, K2 SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN, K2 SOLUTIONS INC.

K2 SOLUTIONS INC.EIN 76-0741755Plan #002PY 2020

P.O. BOX 690 - SOUTHERN PINES, NC 28388910-692-6898k2si.comLinkedIn201-500 employeesdefense & space

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4.3M

+5.1% from 2019

Total participants

217

-19.3% from 2019

Average account balance

$27,670

+17.2% from 2019

Annual return

-17.64%

-5.23 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-41.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ELLIOTT DAVIS, LLC6+ years Filed as: ELLIOTT DAVIS DECOSIMO PLLC Service code 10 · EIN 57-0381582	Accounting	$34,898
SWERDLIN & COMPANY6+ years Service code 13 5901 PEACHTREE DUNWOODY RD. · ATLANTA, GA 30328	Contract Administrator	$20,779
KRIEG DEVAULT LLP1 year Filed as: KRIEG DEVAULT Service code 29 ONE INDIANA, SUITE 2800 · INDIANAPOLIS, IN 46204	Legal	$12,100
APPLIED ECONOMICS6+ years Service code 34 400 GALLERIA PARKWAY, SUITE 1950 · ATLANTA, GA 30339	Valuation (appraisals, etc.); Direct ...	$9,500

Plan features & details

Pension benefit codes2E2F2H2J2K2P2Q3I

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).
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.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$77K

$585 / participant

Contract admin$21K26.9%
Other / not subdivided$56K73.1%

% of EOY assets

1.779%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ELLIOTT DAVIS PLLC
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,670

$99,957-72.3%

$149,696-81.5%

$73,488-62.3%

Participation rate

54.5%

75.7%-21.2pp

82.5%-27.9pp

70.7%-16.1pp

Annual return

-17.64%

53.87%-71.5pp

276.60%-294.2pp

28.51%-46.2pp

Employer contribution / active EE

$7,555

$3,191+136.8%

$4,644+62.7%

$2,270+232.8%

Participant deferral / active EE

$1,327

$6,073-78.2%

$6,842-80.6%

$3,740-64.5%

Admin fee / account holder

$492

$551-10.6%

$9,309-94.7%

$513-4.1%

Provider

Service type

Compensation

ELLIOTT DAVIS, LLC6+ years

Filed as: ELLIOTT DAVIS DECOSIMO PLLC

Service code 10 · EIN 57-0381582

Accounting

$34,898

SWERDLIN & COMPANY6+ years

Service code 13

5901 PEACHTREE DUNWOODY RD. · ATLANTA, GA 30328

Contract Administrator

$20,779

KRIEG DEVAULT LLP1 year

Filed as: KRIEG DEVAULT

Service code 29

ONE INDIANA, SUITE 2800 · INDIANAPOLIS, IN 46204

Legal

$12,100

APPLIED ECONOMICS6+ years

Service code 34

400 GALLERIA PARKWAY, SUITE 1950 · ATLANTA, GA 30339

Valuation (appraisals, etc.); Direct ...

$9,500

K2 SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K2 SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) 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