Retirement plan

KYLE MATHISON ORCHARDS, INC. 401(K) SAVINGS PLAN AND TRUST

Name: KYLE MATHISON ORCHARDS, INC. - KYLE MATHISON ORCHARDS, INC. 401(K) SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: KYLE MATHISON ORCHARDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KYLE MATHISON ORCHARDS, INC. 401(K) SAVINGS PLAN AND TRUST, KYLE MATHISON ORCHARDS, INC.

KYLE MATHISON ORCHARDS, INC.EIN 91-1473671Plan #001PY 2023

4597 STEMILT HILL ROAD - WENATCHEE, WA 98801509-662-3611LinkedIn1001-5000 employeesfarming

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.9M

+23.3% from 2022

Total participants

176

+54.4% from 2022

Average account balance

$39,471

-38.8% from 2022

Annual return

16.48%

+33.33 pp from 2022

Benchmarks

See 536 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort536 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.04M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

165

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$581K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 26 · EIN 04-3046611	Advisory (Participants)	$13,320
BENEFITS2 ADMINISTRATORS LLC1 year Service code 13 · EIN 92-1664169	Contract Administrator	$2,626
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$317

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$33K

$314 / participant

Investment mgmt$13K40.1%
Contract admin$20K59.9%

% of EOY assets

0.565%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,471

$57,752-31.7%

$112,273-64.8%

$71,511-44.8%

Participation rate

74.5%

58.8%+15.7pp

72.4%+2.1pp

67.9%+6.6pp

Annual return

16.48%

18.25%-1.8pp

30.23%-13.7pp

28.86%-12.4pp

Employer contribution / active EE

$1,879

$1,912-1.8%

$3,431-45.3%

$2,589-27.4%

Participant deferral / active EE

$3,824

$2,860+33.7%

$4,800-20.3%

$4,291-10.9%

Admin fee / account holder

$223

$1,586-85.9%

$7,752-97.1%

$1,588-86.0%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 04-3046611

Advisory (Participants)

$13,320

BENEFITS2 ADMINISTRATORS LLC1 year

Service code 13 · EIN 92-1664169

Contract Administrator

$2,626

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$317

KYLE MATHISON ORCHARDS, INC. 401(K) SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KYLE MATHISON ORCHARDS, INC. 401(K) SAVINGS 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