Retirement plan

KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: KLAP6 TECHNOLOGIES LLC - KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: KLAP6 TECHNOLOGIES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST, KLAP6 TECHNOLOGIES LLC

KLAP6 TECHNOLOGIES LLCEIN 83-1008113Plan #001PY 2024

7460 WARREN PKWY STE 100 - FRISCO, TX 75034925-800-3536

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$372K

+37.1% from 2023

Total participants

-83.8% from 2023

Average account balance

$26,579

+56.7% from 2023

Annual return

15.75%

-10.53 pp from 2023

Benchmarks

See 19,366 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort19,366 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$372K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

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

+15.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2315

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 codes2E2J2F2G3D2T

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

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

$32K

$3241 / participant

Other / not subdivided$32K100.0%

% of EOY assets

8.709%

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

$26,579

$100,203-73.5%

$85,240-68.8%

$145,897-81.8%

Participation rate

80.0%

74.1%+5.9pp

67.5%+12.5pp

80.3%-0.3pp

Annual return

15.75%

84.28%-68.5pp

66.75%-51.0pp

552.29%-536.5pp

Employer contribution / active EE

$3,242-100.0%

$2,735-100.0%

$4,663-100.0%

Participant deferral / active EE

$8,671

$5,299+63.6%

$4,527+91.5%

$6,689+29.6%

Admin fee / account holder

$2,315

$7,265-68.1%

$6,165-62.5%

$13,390-82.7%

KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST

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