Retirement plan

KINGDOM ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: KINGDOM ENTERPRISES, INC. - KINGDOM ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: KINGDOM ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGDOM ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, KINGDOM ENTERPRISES, INC.

KINGDOM ENTERPRISES, INC.EIN 80-0965423Plan #001PY 2023

1705 34TH AVE W - ALEXANDRIA, MN 56308320-762-6222

Other plans on this EIN

1 filing

#002Retirement-$84.1M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$497.5M

-4.6% from 2016

Total participants

846

+7.3% from 2016

Average account balance

$590,200

-10.8% from 2016

Annual return

42.49%

+2.86 pp from 2016

Benchmarks

See 2,421 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,421 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$593.53M

Not enough data

1 years with asset history on file

Average account balance

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

$681K

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.

871

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+30.05%

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

1 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 codes2I2K2O2Q3H

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$590,200

$99,212+494.9%

$96,564+511.2%

$74,478+692.4%

Participation rate

99.6%

80.7%+18.9pp

76.0%+23.6pp

70.7%+28.9pp

Annual return

42.49%

22.40%+20.1pp

25.89%+16.6pp

34.37%+8.1pp

Employer contribution / active EE

$18,556

$2,569+622.2%

$2,967+525.4%

$2,637+603.7%

Participant deferral / active EE

$4,938-100.0%

$4,852-100.0%

$4,530-100.0%

Admin fee / account holder

$225-100.0%

$8,256-100.0%

$347-100.0%

KINGDOM ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KINGDOM ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion