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 (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.7M

-7.9% from 2022

Total participants

171

-5.0% from 2022

Average account balance

$66,169

+0.2% from 2022

Annual return

-5.09%

-7.80 pp from 2022

Benchmarks

See 1,940 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,940 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP5 years Filed as: USI ADVISORS Service code 26 · EIN 06-1397347	Advisory (Participants)	$30,000
USI CONSULTING GROUP6 years Filed as: USI CONSULTING GROUP, INC. Service code 15 · EIN 06-1053228 95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033	Recordkeeping	$1,757
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 18 · EIN 82-3967259 211 MAIN STREET · SAN FRANCISCO, CA 94105	Custodial (other than securities); In...	$1,187
CHARLES SCHWAB & CO., INC.8+ years Service code 18 · EIN 94-1737782 211 MAIN STREET · SAN FRANCISCO, CA 94105	Shareholder servicing fees; Custodial...	$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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$195 / participant

Investment mgmt$30K94.5%
Other / not subdivided$2K5.5%

% of EOY assets

0.326%

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: ALEGRIA & COMPANY, PS
Auditor EIN: 910856953
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,169

$71,523-7.5%

$98,461-32.8%

$71,511-7.5%

Participation rate

85.3%

72.7%+12.6pp

75.2%+10.1pp

67.9%+17.3pp

Annual return

-5.09%

32.43%-37.5pp

21.17%-26.3pp

28.86%-33.9pp

Employer contribution / active EE

$2,339

$2,399-2.5%

$3,049-23.3%

$2,589-9.7%

Participant deferral / active EE

$4,572

$4,109+11.3%

$4,738-3.5%

$4,291+6.6%

Admin fee / account holder

$216

$1,676-87.1%

$8,961-97.6%

$1,588-86.4%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Filed as: USI ADVISORS

Service code 26 · EIN 06-1397347

Advisory (Participants)

$30,000

USI CONSULTING GROUP6 years

Filed as: USI CONSULTING GROUP, INC.

Service code 15 · EIN 06-1053228

95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033

Recordkeeping

$1,757

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 18 · EIN 82-3967259

211 MAIN STREET · SAN FRANCISCO, CA 94105

Custodial (other than securities); In...

$1,187

CHARLES SCHWAB & CO., INC.8+ years

Service code 18 · EIN 94-1737782

211 MAIN STREET · SAN FRANCISCO, CA 94105

Shareholder servicing fees; Custodial...

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