Retirement plan

KAREN KANE, INC. 401(K) PROFIT SHARING PLAN

Name: KAREN KANE, INC. - KAREN KANE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KAREN KANE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KAREN KANE, INC. 401(K) PROFIT SHARING PLAN, KAREN KANE, INC.

KAREN KANE, INC.EIN 95-3579007Plan #003PY 2024

2275 EAST 37TH STREET - VERNON, CA 90058323-588-0000karenkane.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsHigh retiree %Low participationLow employer contribution

How to read this page

Total assets (EOY)

$8.1M

+9.8% from 2023

Total participants

372

+85.1% from 2023

Average account balance

$43,587

+14.5% from 2023

Annual return

11.28%

+2.24 pp from 2023

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.11M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

261

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$414K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RANDALL & HURLEY, INC.1 year Filed as: RANDALL AND HURLEY, INC. Service code 13 · EIN 91-1661080 1328 N. WHITMAN LN · LIBERTY LAKE, WA 99019	Contract Administrator	$19,179
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS LLC Service code 27 60 S 6TH COMMISIONS ACCTG · MINNEAPOLIS, MN 55402	Advisory (Plan)	$18,210
LEE CPA AUDIT GROUP2 years Service code 10 5056 SUNRISE BLVD STE B1 · FAIR OAKS, CA 95628	Accounting	$8,300
EGPS1 year Service code 13 7734 EXCELSIOR ROAD, SUITE 102 · BAXTER, MN 56425	Contract Administrator	$6,067

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

3 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.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$19K

$175 / participant

Recordkeeping$5K27.8%
Trustee / custodial$8654.5%
Investment mgmt$4K19.4%
Contract admin$5K27.8%
Other / not subdivided$4K20.6%

% of EOY assets

0.239%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: $4,009
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,587

$62,177-29.9%

$81,370-46.4%

$74,478-41.5%

Participation rate

0.0%

64.1%-64.1pp

69.5%-69.5pp

67.2%-67.2pp

Annual return

11.28%

16.62%-5.3pp

24.85%-13.6pp

1370.56%-1359.3pp

Employer contribution / active EE

$512

$1,881-72.8%

$2,464-79.2%

$2,626-80.5%

Participant deferral / active EE

$3,218

$3,2190%

$3,885-17.2%

$4,350-26.0%

Admin fee / account holder

$104

$1,927-94.6%

$5,749-98.2%

$1,946-94.6%

Provider

Service type

Compensation

RANDALL & HURLEY, INC.1 year

Filed as: RANDALL AND HURLEY, INC.

Service code 13 · EIN 91-1661080

1328 N. WHITMAN LN · LIBERTY LAKE, WA 99019

Contract Administrator

$19,179

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 27

60 S 6TH COMMISIONS ACCTG · MINNEAPOLIS, MN 55402

Advisory (Plan)

$18,210

LEE CPA AUDIT GROUP2 years

Service code 10

5056 SUNRISE BLVD STE B1 · FAIR OAKS, CA 95628

Accounting

$8,300

EGPS1 year

Service code 13

7734 EXCELSIOR ROAD, SUITE 102 · BAXTER, MN 56425

Contract Administrator

$6,067

KAREN KANE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KAREN KANE, INC. 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