Retirement plan

KINGS COMMUNITY ACTION ORGANIZATION, INC. 401(K) RETIREMENT PLAN

Name: KINGS COMMUNITY ACTION ORGANIZATION, INC. - KINGS COMMUNITY ACTION ORGANIZATION, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: KINGS COMMUNITY ACTION ORGANIZATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGS COMMUNITY ACTION ORGANIZATION, INC. 401(K) RETIREMENT PLAN, KINGS COMMUNITY ACTION ORGANIZATION, INC.

KINGS COMMUNITY ACTION ORGANIZATION, INC.EIN 94-1604455Plan #001PY 2024

1130 N. 11TH AVENUE - HANFORD, CA 93230559-582-4386kcao.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14M

+17.9% from 2023

Total participants

346

-7.0% from 2023

Average account balance

$40,449

+26.7% from 2023

Annual return

12.59%

-2.60 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.95M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

345

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$340

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 FINANCIAL10+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$49,600
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$44,119
NEXUS ADMINISTRATORS, INC.1 year Filed as: NEXUS ADMINISTRATORS, LLC Service code 15 · EIN 77-0586222	Recordkeeping	$25,785

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$117K

$436 / participant

Contract admin$117K100.0%

% of EOY assets

0.840%

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: HUDSON HENDERSON & COMPANY, INC.
Auditor EIN: 811741762
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,449

$50,919-20.6%

$155,556-74.0%

$77,762-48.0%

Participation rate

99.6%

63.1%+36.5pp

78.2%+21.4pp

70.6%+29.0pp

Annual return

12.59%

34.84%-22.2pp

64.84%-52.2pp

31.27%-18.7pp

Employer contribution / active EE

$2,550

$1,991+28.1%

$4,675-45.5%

$2,728-6.5%

Participant deferral / active EE

$2,578

$2,824-8.7%

$5,631-54.2%

$4,651-44.6%

Admin fee / account holder

$340

$437-22.2%

$15,885-97.9%

$433-21.5%

Provider

Service type

Compensation

LPL FINANCIAL10+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

$49,600

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$44,119

NEXUS ADMINISTRATORS, INC.1 year

Filed as: NEXUS ADMINISTRATORS, LLC

Service code 15 · EIN 77-0586222

Recordkeeping

$25,785

KINGS COMMUNITY ACTION ORGANIZATION, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINGS COMMUNITY ACTION ORGANIZATION, INC. 401(K) RETIREMENT 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