Retirement plan

WHITBY 401(K) PROFIT SHARING PLAN

Name: KALECA, INC. - WHITBY 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KALECA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITBY 401(K) PROFIT SHARING PLAN, KALECA, INC.

KALECA, INC.EIN 91-1802128Plan #001PY 2023

720 W. JUNIPER RD. - MESA, WA 99343509-269-4601LinkedIn51-200 employeesfarming

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.9M

+27.6% from 2022

Total participants

113

-7.4% from 2022

Average account balance

$117,325

+32.7% from 2022

Annual return

12.85%

+29.85 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

$3.54M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

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.

21.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

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

+9.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1097

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

0 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Service code 17 P.O. BOX 502533 · SAN DIEGO, CA 92150	Pension Consulting	$6,127
3 38 INVESTMENT FIDUCIARIES INC2 years Service code 99 3355 COCHRAN STREET #101 · SIMI VALLEY, CA 93063	Other Fees	$1,225
NORTHWEST RETIREMENT PLANS, INC.2 years Service code 13 3235 HILLCREST PARK DRIVE · MEDFORD, OR 97504	Contract Administrator	$490
EPIC RETIREMENT PLAN SERVICES2 years Filed as: NORTHWEST RETIREMENT PLAN CONSULTAN Service code 10 901 POWELL AVE SW · RENTON, WA 98057	Accounting	$125
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$70 / participant

Recordkeeping$8K98.1%
Contract admin$1501.9%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,325

$57,752+103.2%

$112,273+4.5%

$71,511+64.1%

Participation rate

22.1%

58.8%-36.7pp

72.4%-50.3pp

67.9%-45.8pp

Annual return

12.85%

18.25%-5.4pp

30.23%-17.4pp

28.86%-16.0pp

Employer contribution / active EE

$361

$1,912-81.1%

$3,431-89.5%

$2,589-86.1%

Participant deferral / active EE

$2,681

$2,860-6.3%

$4,800-44.2%

$4,291-37.5%

Admin fee / account holder

$316

$1,586-80.0%

$7,752-95.9%

$1,588-80.1%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Service code 17

P.O. BOX 502533 · SAN DIEGO, CA 92150

Pension Consulting

$6,127

3 38 INVESTMENT FIDUCIARIES INC2 years

Service code 99

3355 COCHRAN STREET #101 · SIMI VALLEY, CA 93063

Other Fees

$1,225

NORTHWEST RETIREMENT PLANS, INC.2 years

Service code 13

3235 HILLCREST PARK DRIVE · MEDFORD, OR 97504

Contract Administrator

$490

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: NORTHWEST RETIREMENT PLAN CONSULTAN

Service code 10

901 POWELL AVE SW · RENTON, WA 98057

Accounting

$125

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

WHITBY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITBY 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