Retirement plan

KOAHNIC BROADCAST CORPORATION 401(K) PLAN

Name: KOAHNIC BROADCAST CORPORATION - KOAHNIC BROADCAST CORPORATION 401(K) PLAN (2023) Form 5500
Creator: KOAHNIC BROADCAST CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOAHNIC BROADCAST CORPORATION 401(K) PLAN, KOAHNIC BROADCAST CORPORATION

KOAHNIC BROADCAST CORPORATIONEIN 92-0139738Plan #001PY 2023

3600 SAN JERONIMO DRIVE, STE 480 - ANCHORAGE, AK 99508907-793-3500koahnic.orgLinkedIn11-50 employeesmedia production

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+24.0% from 2022

Total participants

+5.6% from 2022

Average account balance

$96,809

+16.9% from 2022

Annual return

20.14%

+39.77 pp from 2022

Benchmarks

See 11,277 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort11,277 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.28M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18893

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2F2G2T2E3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$96,809

$105,145-7.9%

$94,664+2.3%

$139,466-30.6%

Participation rate

84.2%

82.4%+1.8pp

80.8%+3.4pp

80.3%+3.9pp

Annual return

20.14%

38.09%-17.9pp

156.84%-136.7pp

373.66%-353.5pp

Employer contribution / active EE

$3,055

$4,107-25.6%

$3,673-16.8%

$4,754-35.7%

Participant deferral / active EE

$2,470

$7,599-67.5%

$7,417-66.7%

$6,712-63.2%

Admin fee / account holder

$8,972-100.0%

$7,222-100.0%

$11,409-100.0%

KOAHNIC BROADCAST CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KOAHNIC BROADCAST CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion