Retirement plan

KENNEY CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Name: JOHN KENNEY CONSTRUCTION, INC. DBA KENNEY CONSTRUCTION - KENNEY CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: JOHN KENNEY CONSTRUCTION, INC. DBA KENNEY CONSTRUCTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNEY CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN, JOHN KENNEY CONSTRUCTION, INC. DBA KENNEY CONSTRUCTION

JOHN KENNEY CONSTRUCTION, INC. DBA KENNEY CONSTRUCTIONEIN 77-0408734Plan #001PY 2023

619 E MONTECITO ST - SANTA BARBARA, CA 93103805-884-1579

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.4M

+24.9% from 2022

Total participants

+3.5% from 2022

Average account balance

$29,708

+27.5% from 2022

Annual return

10.48%

+24.98 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.89M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

43.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3406

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 codes2E2F2G2J2T3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$685

$11 / participant

Other / not subdivided$685100.0%

% of EOY assets

0.048%

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

$29,708

$73,978-59.8%

$96,515-69.2%

$75,173-60.5%

Participation rate

31.7%

66.4%-34.8pp

74.3%-42.7pp

67.2%-35.5pp

Annual return

10.48%

26.72%-16.2pp

35.73%-25.2pp

160.72%-150.2pp

Employer contribution / active EE

$1,041

$2,931-64.5%

$3,740-72.2%

$2,671-61.0%

Participant deferral / active EE

$1,697

$3,660-53.6%

$4,880-65.2%

$4,126-58.9%

Admin fee / account holder

$14

$5,219-99.7%

$6,735-99.8%

$5,651-99.7%

KENNEY CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNEY CONSTRUCTION, 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