Retirement plan

KAUFMAN TRAILERS 401(K) PLAN

Name: KAUFMAN TRAILERS, LLC - KAUFMAN TRAILERS 401(K) PLAN (2024) Form 5500
Creator: KAUFMAN TRAILERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KAUFMAN TRAILERS 401(K) PLAN, KAUFMAN TRAILERS, LLC

KAUFMAN TRAILERS, LLCEIN 88-2743153Plan #001PY 2024

1156 N. MAIN STREET - DENTON, NC 27239336-790-6420kaufmantrailers.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow assets / participantLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$9M

+28.0% from 2023

Total participants

872

-8.9% from 2023

Average account balance

$10,690

+38.8% from 2023

Annual return

11.96%

-9.27 pp from 2023

Benchmarks

See 2,385 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,385 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.00M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

842

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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

See the 3-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRINITY PENSION GROUP, LLC3+ years Filed as: TRINITY PENSION GROUP Service code 13 · EIN 20-0235252 PO BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$59,882
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 31 · EIN 99-9552241	Named fiduciary	$5,060
NATIONWIDE3+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 23 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Insurance services	$2,032
NATIONWIDE3+ years Service code 51 · EIN 31-4156830 10 W. NATIONWIDE BLVD · COLUMBUS, OH 43215	Investment Mgmt Fees	$843
NORTHWESTERN MUTUAL INVESTMENT SERV3+ years Filed as: NORTHWESTERN MUTUAL INV SRV LLC Service code 33 ATTN IPS COMPENSATION · MILWAUKEE, WI 53202	Securities brokerage	$577

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T3H2S

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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$66K

$87 / participant

Contract admin$66K100.0%

% of EOY assets

0.735%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MELISSA G. CRITCHER, CPA, PC
Auditor EIN: 271654932
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,690

$88,982-88.0%

$102,438-89.6%

$77,671-86.2%

Participation rate

96.0%

80.9%+15.1pp

76.5%+19.5pp

70.6%+25.5pp

Annual return

11.96%

25.01%-13.1pp

29.37%-17.4pp

31.21%-19.2pp

Employer contribution / active EE

$523

$2,698-80.6%

$3,024-82.7%

$2,726-80.8%

Participant deferral / active EE

$2,545

$5,144-50.5%

$5,054-49.6%

$4,648-45.2%

Admin fee / account holder

$79

$236-66.6%

$9,448-99.2%

$430-81.7%

Provider

Service type

Compensation

TRINITY PENSION GROUP, LLC3+ years

Filed as: TRINITY PENSION GROUP

Service code 13 · EIN 20-0235252

PO BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$59,882

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 31 · EIN 99-9552241

Named fiduciary

$5,060

NATIONWIDE3+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 23

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Insurance services

$2,032

NATIONWIDE3+ years

Service code 51 · EIN 31-4156830

10 W. NATIONWIDE BLVD · COLUMBUS, OH 43215

Investment Mgmt Fees

$843

NORTHWESTERN MUTUAL INVESTMENT SERV3+ years

Filed as: NORTHWESTERN MUTUAL INV SRV LLC

Service code 33

ATTN IPS COMPENSATION · MILWAUKEE, WI 53202

Securities brokerage

$577

KAUFMAN TRAILERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KAUFMAN TRAILERS 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