Retirement plan

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

Name: KLAP6 TECHNOLOGIES LLC - KLAP6 TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN & TRUST (2023) 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 2023

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

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$271K

+95.4% from 2022

Total participants

+12.5% from 2022

Average account balance

$16,959

+144.3% from 2022

Annual return

26.28%

+26.28 pp from 2022

Benchmarks

See 5,246 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,246 peers

Snapshot2023

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 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$44 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.547%

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

$16,959

$49,896-66.0%

$80,627-79.0%

$75,173-77.4%

Participation rate

13.5%

55.3%-41.8pp

67.0%-53.5pp

67.2%-53.7pp

Annual return

26.28%

34.67%-8.4pp

936.76%-910.5pp

160.72%-134.4pp

Employer contribution / active EE

$1,699-100.0%

$2,723-100.0%

$2,671-100.0%

Participant deferral / active EE

$1,032

$2,992-65.5%

$4,443-76.8%

$4,126-75.0%

Admin fee / account holder

$262

$3,578-92.7%

$5,381-95.1%

$5,651-95.4%

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