Retirement plan

KENNY SENG CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Name: KENNY SENG CONSTRUCTION, INC. - KENNY SENG CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KENNY SENG CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNY SENG CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN, KENNY SENG CONSTRUCTION, INC.

KENNY SENG CONSTRUCTION, INC.EIN 87-0453743Plan #001PY 2024

814 SOUTH LAKEVIEW PARKWAY - PROVO, UT 84601801-226-4125kennyseng.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$73.8M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.1M

+11.3% from 2023

Total participants

296

+26.0% from 2023

Average account balance

$73,998

+8.0% from 2023

Annual return

14.31%

-3.30 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.06M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

136

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.

38.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$192

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 2 by compensation

Provider	Service type	Compensation
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 26 · EIN 43-1451524	Advisory (Participants)	$24,391
AMERICAN UNITED LIFE INSURANCE CO10+ years Service code 15 · EIN 35-0145825	Recordkeeping	$2,608

Plan features & details

Pension benefit codes2E2J2K2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$26K

$100 / participant

Contract admin$26K100.0%

% of EOY assets

0.259%

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: RICHEY, MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,998

$82,979-10.8%

$102,412-27.7%

$77,736-4.8%

Participation rate

38.7%

71.5%-32.8pp

74.5%-35.8pp

70.6%-31.9pp

Annual return

14.31%

19.11%-4.8pp

24.94%-10.6pp

31.26%-17.0pp

Employer contribution / active EE

$1,372

$3,554-61.4%

$3,870-64.6%

$2,728-49.7%

Participant deferral / active EE

$2,681

$4,109-34.8%

$5,060-47.0%

$4,651-42.4%

Admin fee / account holder

$192

$639-70.0%

$8,388-97.7%

$433-55.8%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 26 · EIN 43-1451524

Advisory (Participants)

$24,391

AMERICAN UNITED LIFE INSURANCE CO10+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$2,608

KENNY SENG CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNY SENG CONSTRUCTION, INC. 401(K) PROFIT SHARING 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