Retirement plan

KINTETSU WORLD EXPRESS (U.S.A.), INC. EMPLOYEES 401(K) PLAN

Name: KINTETSU WORLD EXPRESS (U.S.A.), INC. - KINTETSU WORLD EXPRESS (U.S.A.), INC. EMPLOYEES 401(K) PLAN (2020) Form 5500
Creator: KINTETSU WORLD EXPRESS (U.S.A.), INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINTETSU WORLD EXPRESS (U.S.A.), INC. EMPLOYEES 401(K) PLAN, KINTETSU WORLD EXPRESS (U.S.A.), INC.

KINTETSU WORLD EXPRESS (U.S.A.), INC.EIN 94-1693161Plan #002PY 2020

ONE JERICHO PLAZA, SUITE 100 - JERICHO, NY 11753516-933-7100kweusa.comLinkedIn5001-10000 employeeslogistics and supply chain

Other plans on this EIN

1 filing

#003Retirement-$460K assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$112.6M

+29.0% from 2019

Total participants

985

+22.5% from 2019

Average account balance

$129,144

+6.4% from 2019

Annual return

31.13%

+8.33 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$179.02M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

1,100

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC3 years Service code 99 10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302	Other Fees	$139,681
CARON & BLETZER, PLLC3 years Service code 10 51 CHURCH STREET PO BOX 668 · KINGSTON, NH 03848	Accounting	$8,700
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

1 tripped

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

$148K

$195 / participant

Contract admin$140K94.1%
Other / not subdivided$9K5.9%

% of EOY assets

0.132%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,144

$51,288+151.8%

$81,983+57.5%

$73,409+75.9%

Participation rate

85.2%

64.0%+21.2pp

69.2%+15.9pp

72.2%+13.0pp

Annual return

31.13%

29.48%+1.6pp

41.31%-10.2pp

59.29%-28.2pp

Employer contribution / active EE

$3,700

$1,487+148.9%

$2,498+48.1%

$2,234+65.7%

Participant deferral / active EE

$6,503

$2,715+139.5%

$3,722+74.7%

$3,805+70.9%

Admin fee / account holder

$170

$125+35.8%

$5,664-97.0%

$158+7.8%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC3 years

Service code 99

10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302

Other Fees

$139,681

CARON & BLETZER, PLLC3 years

Service code 10

51 CHURCH STREET PO BOX 668 · KINGSTON, NH 03848

Accounting

$8,700

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

KINTETSU WORLD EXPRESS (U.S.A.), INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINTETSU WORLD EXPRESS (U.S.A.), INC. EMPLOYEES 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