Retirement plan

NATIVES OF KODIAK, INC. 401(K) PLAN

Name: NATIVES OF KODIAK, INC. - NATIVES OF KODIAK, INC. 401(K) PLAN (2022) Form 5500
Creator: NATIVES OF KODIAK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIVES OF KODIAK, INC. 401(K) PLAN, NATIVES OF KODIAK, INC.

NATIVES OF KODIAK, INC.EIN 92-0047862Plan #001PY 2022

2700 GAMBLE STREET, SUITE 401 - ANCHORAGE, AK 99503907-569-9130nativesofkodiak.comLinkedIn201-500 employeesgovernment relations

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13M

No prior year

Total participants

478

No prior year

Average account balance

$36,118

No prior year

Annual return

-16.80%

No prior year

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.55M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

449

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.

69.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.00M

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

+15.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES Service code 26 · EIN 59-2937883	Advisory (Participants)	$43,384
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 01-0233346	Recordkeeping	$4,880
ARCTIC PENSION SERVICES, LLC1+ years Service code 16 · EIN 47-2582738	Consulting	$2,000

Plan features & details

Pension benefit codes2E2G2J2K2T3H3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$90K

$251 / participant

Investment mgmt$43K48.0%
Other / not subdivided$47K52.0%

% of EOY assets

0.698%

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: SWALLING & ASSOCIATES, PC
Auditor EIN: 920138439
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,118

$74,188-51.3%

$115,756-68.8%

$64,819-44.3%

Participation rate

66.9%

76.2%-9.3pp

77.1%-10.1pp

71.5%-4.5pp

Annual return

-16.80%

-11.81%-5.0pp

143.14%-159.9pp

32.84%-49.6pp

Employer contribution / active EE

$2,454

$3,365-27.1%

$3,793-35.3%

$2,507-2.1%

Participant deferral / active EE

$5,681

$5,294+7.3%

$6,254-9.2%

$4,311+31.8%

Admin fee / account holder

$252

$148+69.9%

$8,124-96.9%

$188+34.2%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1+ years

Filed as: RAYMOND JAMES

Service code 26 · EIN 59-2937883

Advisory (Participants)

$43,384

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$4,880

ARCTIC PENSION SERVICES, LLC1+ years

Service code 16 · EIN 47-2582738

Consulting

$2,000

NATIVES OF KODIAK, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIVES OF KODIAK, INC. 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