Retirement plan

KARATE MANAGEMENT ASSOCIATES, INC. 401K PLAN

Name: KARATE MANAGEMENT ASSOCIATES, INC - KARATE MANAGEMENT ASSOCIATES, INC. 401K PLAN (2018) Form 5500
Creator: KARATE MANAGEMENT ASSOCIATES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KARATE MANAGEMENT ASSOCIATES, INC. 401K PLAN, KARATE MANAGEMENT ASSOCIATES, INC

KARATE MANAGEMENT ASSOCIATES, INCdba DOJO ROCKSEIN 80-0109513Plan #001PY 2018

7421 SPOUT SPRINGS RD - FLOWERY BRANCH, GA 30542770-965-0808

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$350K

+17.0% from 2017

Total participants

0.0% from 2017

Average account balance

$58,366

+17.0% from 2017

Annual return

-7.44%

-22.82 pp from 2017

Benchmarks

See 5,839 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,839 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8645

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$16K

$2675 / participant

Other / not subdivided$16K100.0%

% of EOY assets

4.582%

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

$58,366

$69,518-16.0%

$59,883-2.5%

$135,382-56.9%

Participation rate

100.0%

77.8%+22.2pp

74.7%+25.3pp

82.6%+17.4pp

Annual return

-7.44%

7.95%-15.4pp

3.46%-10.9pp

519.77%-527.2pp

Employer contribution / active EE

$2,569

$3,235-20.6%

$2,722-5.6%

$4,779-46.3%

Participant deferral / active EE

$11,899

$4,204+183.0%

$3,402+249.8%

$5,609+112.1%

Admin fee / account holder

$2,675

$5,734-53.4%

$3,591-25.5%

$10,829-75.3%

KARATE MANAGEMENT ASSOCIATES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KARATE MANAGEMENT ASSOCIATES, INC. 401K 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