Retirement plan

LIVING YOUR BEST RETIREMENT LIFE 401(K) PLAN

Name: KADIANT, LLC - LIVING YOUR BEST RETIREMENT LIFE 401(K) PLAN (2023) Form 5500
Creator: KADIANT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIVING YOUR BEST RETIREMENT LIFE 401(K) PLAN, KADIANT, LLC

KADIANT, LLCEIN 83-3935694Plan #001PY 2023

850 TOWBIN AVE - LAKEWOOD, NJ 08701732-886-6202kadiant.comLinkedIn1001-5000 employeesmental health care

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8M

-4.2% from 2022

Total participants

1,398

+83.5% from 2022

Average account balance

$18,874

-15.1% from 2022

Annual return

17.97%

+37.51 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.95M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

486

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.

16.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$723

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64	Recordkeeping Fees	$28,186
BURNHAM GIBSON WEALTH ADVISORS, INC1 year Filed as: BURNHAM GIBSON WELATH ADVISORS LLC Service code 27 · EIN 47-5476782	Advisory (Plan)	$21,155
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 27	Advisory (Plan)	$18,407
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENYS INSTITUTIONAL Service code 37 · EIN 04-2647786	Loan Processing	$12,883
INTAC ACTUARIAL SERVICES1 year Service code 13	Contract Administrator	$6,650
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN Service code 13	Contract Administrator	$2,179

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$78K

$63 / participant

Recordkeeping$38K48.3%
Investment mgmt$40K51.7%

% of EOY assets

0.978%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FASTEN HALBERSTAM, LLP
Auditor EIN: 472319109
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,874

$50,151-62.4%

$149,717-87.4%

$80,149-76.5%

Participation rate

21.2%

64.3%-43.1pp

78.8%-57.6pp

72.9%-51.8pp

Annual return

17.97%

29.80%-11.8pp

134.41%-116.4pp

40.39%-22.4pp

Employer contribution / active EE

$24

$1,867-98.7%

$4,820-99.5%

$2,977-99.2%

Participant deferral / active EE

$826

$3,194-74.2%

$5,682-85.5%

$5,015-83.5%

Admin fee / account holder

$185

$153+20.9%

$13,213-98.6%

$145+27.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

Recordkeeping Fees

$28,186

BURNHAM GIBSON WEALTH ADVISORS, INC1 year

Filed as: BURNHAM GIBSON WELATH ADVISORS LLC

Service code 27 · EIN 47-5476782

Advisory (Plan)

$21,155

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 27

Advisory (Plan)

$18,407

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENYS INSTITUTIONAL

Service code 37 · EIN 04-2647786

Loan Processing

$12,883

INTAC ACTUARIAL SERVICES1 year

Service code 13

Contract Administrator

$6,650

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN

Service code 13

Contract Administrator

$2,179

LIVING YOUR BEST RETIREMENT LIFE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIVING YOUR BEST RETIREMENT LIFE 401(K) 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