Retirement plan

KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: KWIK LOK CORPORATION - KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: KWIK LOK CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, KWIK LOK CORPORATION

KWIK LOK CORPORATIONEIN 91-0616767Plan #002PY 2018

2712 SOUTH 16TH AVENUE - YAKIMA, WA 98903509-248-4770LinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.4M

+8.5% from 2017

Total participants

168

+7.7% from 2017

Average account balance

$71,101

+6.0% from 2017

Annual return

12.36%

+1.81 pp from 2017

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.71M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

164

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+6.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 5 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP, INC. Service code 15 · EIN 06-1053228 95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033	Recordkeeping	$52,859
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$2,681
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO., INC Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.3+ years Service code 18 · EIN 94-1737782 211 MAIN STREET · SAN FRANCISCO, CA 94105	Custodial (securities); Shareholder s...	$0
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLS SCHWAB BANK Service code 18 · EIN 42-1558009 211 MAIN STREET · SAN FRANCISCO, CA 94105	Investment management fees paid indir...	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$53K

$365 / participant

Investment mgmt$40K75.7%
Contract admin$13K24.3%

% of EOY assets

0.563%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: OSWALT, TEEL & FRANKLIN
Auditor EIN: 911312617
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,101

$58,093+22.4%

$80,022-11.1%

$56,289+26.3%

Participation rate

75.2%

73.6%+1.5pp

75.8%-0.7pp

69.9%+5.3pp

Annual return

12.36%

34.63%-22.3pp

11.22%+1.1pp

-9.96%+22.3pp

Employer contribution / active EE

$1,803

$1,933-6.7%

$2,468-27.0%

$2,111-14.6%

Participant deferral / active EE

$2,992

$3,136-4.6%

$3,686-18.8%

$3,350-10.7%

Admin fee / account holder

$400

$623-35.7%

$6,521-93.9%

$521-23.1%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING GROUP, INC.

Service code 15 · EIN 06-1053228

95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033

Recordkeeping

$52,859

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

$2,681

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.3+ years

Service code 18 · EIN 94-1737782

211 MAIN STREET · SAN FRANCISCO, CA 94105

Custodial (securities); Shareholder s...

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLS SCHWAB BANK

Service code 18 · EIN 42-1558009

211 MAIN STREET · SAN FRANCISCO, CA 94105

Investment management fees paid indir...

KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KWIK LOK CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

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