Retirement plan

KINTETSU RETIREMENT PLAN

Name: THE KINTETSU RETIREMENT PLAN BOARD - KINTETSU RETIREMENT PLAN (2023) Form 5500
Creator: THE KINTETSU RETIREMENT PLAN BOARD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINTETSU RETIREMENT PLAN, THE KINTETSU RETIREMENT PLAN BOARD

THE KINTETSU RETIREMENT PLAN BOARDEIN 84-3609963Plan #333PY 2023

701 WESTCHESTER AVE, SUITE 320B - WHITE PLAINS, NY 10604844-367-2848

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$15.4M

+9.2% from 2022

Total participants

251

+5.0% from 2022

Average account balance

$66,873

+0.7% from 2022

Annual return

12.91%

+28.94 pp from 2022

Benchmarks

See 1,234 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.75M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

219

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$23,861
ASSET PLANNING AND PROTECTION LLC1 year Service code 27 · EIN 46-3906738	Advisory (Plan)	$20,852
PENTEGRA SERVICES, INC.2 years Filed as: APS MANAGEMENT GROUP INC. Service code 27 · EIN 26-4311657	Advisory (Plan)	$15,948
LEAFHOUSE FINANCIAL ADVISORS, LLC4+ years Service code 27 · EIN 26-4311657	Advisory (Plan)	$7,337
PENTEGRA SERVICES, INC.4+ years Service code 15 · EIN 13-3745616	Recordkeeping	$3,300
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G3D2J2K2T

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$71K

$511 / participant

Recordkeeping$71K100.0%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,873

$51,166+30.7%

$70,544-5.2%

$71,511-6.5%

Participation rate

85.6%

59.4%+26.2pp

68.4%+17.3pp

67.9%+17.7pp

Annual return

12.91%

42.71%-29.8pp

32.79%-19.9pp

28.86%-15.9pp

Employer contribution / active EE

$1,564

$1,793-12.8%

$2,976-47.4%

$2,589-39.6%

Participant deferral / active EE

$3,782

$3,031+24.8%

$4,568-17.2%

$4,291-11.9%

Admin fee / account holder

$308

$2,000-84.6%

$6,427-95.2%

$1,588-80.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$23,861

ASSET PLANNING AND PROTECTION LLC1 year

Service code 27 · EIN 46-3906738

Advisory (Plan)

$20,852

PENTEGRA SERVICES, INC.2 years

Filed as: APS MANAGEMENT GROUP INC.

Service code 27 · EIN 26-4311657

Advisory (Plan)

$15,948

LEAFHOUSE FINANCIAL ADVISORS, LLC4+ years

Service code 27 · EIN 26-4311657

Advisory (Plan)

$7,337

PENTEGRA SERVICES, INC.4+ years

Service code 15 · EIN 13-3745616

Recordkeeping

$3,300

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

KINTETSU RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINTETSU RETIREMENT 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