Retirement plan

KITCHELL AFFILIATES EMPLOYEES' TAX DEFERRED SAVINGS PLAN

Name: KITCHELL CORPORATION - KITCHELL AFFILIATES EMPLOYEES' TAX DEFERRED SAVINGS PLAN (2020) Form 5500
Creator: KITCHELL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KITCHELL AFFILIATES EMPLOYEES' TAX DEFERRED SAVINGS PLAN, KITCHELL CORPORATION

KITCHELL CORPORATIONEIN 86-0181400Plan #003PY 2020

1707 EAST HIGHLAND SUITE 100 - PHOENIX, AZ 85016602-264-4411kitchell.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$60.5M assets

Prospect flagsLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed September 30, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$68.6M

+11.0% from 2019

Total participants

1,068

+0.6% from 2019

Average account balance

$65,637

+10.4% from 2019

Annual return

12.71%

-10.18 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.32M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

959

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$91,363
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: MJM 401K LLC Service code 28 · EIN 86-0882983	Investment Management	$36,000
MAYER HOFFMAN MCCANN P.C.6+ years Service code 10 · EIN 43-1947695	Accounting	$12,720
PIETZSCH, BONNETT & WOMACK, P.A.6+ years Filed as: PIETZSCH BONNETT & WOMACK PA Service code 29 · EIN 81-0574082	Legal	$7,525
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$2
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$148K

$187 / participant

Investment mgmt$36K24.4%
Other / not subdivided$112K75.6%

% of EOY assets

0.215%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,637

$91,517-28.3%

$101,264-35.2%

$73,412-10.6%

Participation rate

97.1%

73.8%+23.3pp

75.8%+21.3pp

72.2%+24.9pp

Annual return

12.71%

17.17%-4.5pp

46.48%-33.8pp

59.30%-46.6pp

Employer contribution / active EE

$327

$2,877-88.6%

$3,660-91.1%

$2,234-85.4%

Participant deferral / active EE

$7,988

$3,338+139.3%

$4,370+82.8%

$3,806+109.9%

Admin fee / account holder

$141

$216-34.6%

$5,947-97.6%

$158-10.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$91,363

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: MJM 401K LLC

Service code 28 · EIN 86-0882983

Investment Management

$36,000

MAYER HOFFMAN MCCANN P.C.6+ years

Service code 10 · EIN 43-1947695

Accounting

$12,720

PIETZSCH, BONNETT & WOMACK, P.A.6+ years

Filed as: PIETZSCH BONNETT & WOMACK PA

Service code 29 · EIN 81-0574082

Legal

$7,525

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

KITCHELL AFFILIATES EMPLOYEES' TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KITCHELL AFFILIATES EMPLOYEES' TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

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