Retirement plan

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

Name: KAREN KANE, INC. - KAREN KANE, INC. 401(K) PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$8.4M

+3.8% from 2016

Total participants

251

+5.0% from 2016

Average account balance

$40,880

+2.8% from 2016

Annual return

11.87%

+5.81 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$19,181
LEAVITT CHRISTENSEN & CO PLLC2 years Filed as: LEAVITT INSURANCE SERVICES OF LA Service code 99 21820 BURBANK BLVD, SUITE 300 · WOODLAND HILLS, CA 91367	Other Fees	$12,936
KAUFMAN ROSSIN & CO3+ years Filed as: KAUFMAN & KABANI CPA'S APC Service code 10 800 FIGUEROA STREET, STE 900 · LOS ANGELES, CA 90017	Accounting	$11,000
PLAN ADMINISTRATION AND DESIGN, INC3+ years Service code 13 11835 W. OLYMPIC BLVD., SUITE 1000E · LOS ANGELES, CA 900645828	Contract Administrator	$7,816
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,414

Plan features & details

Pension benefit codes2E2J2K3H2F2G3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$55K

$306 / participant

Investment mgmt$25K44.6%
Other / not subdivided$30K55.4%

% of EOY assets

0.654%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KAUFMAN & KABANI
Auditor EIN: 953761877
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,880

$50,385-18.9%

$75,501-45.9%

$62,293-34.4%

Participation rate

75.0%

67.7%+7.3pp

72.4%+2.6pp

69.5%+5.5pp

Annual return

11.87%

19.90%-8.0pp

27.35%-15.5pp

28.90%-17.0pp

Employer contribution / active EE

$302

$1,537-80.4%

$2,352-87.2%

$2,042-85.2%

Participant deferral / active EE

$2,144

$2,445-12.3%

$3,142-31.8%

$3,169-32.3%

Admin fee / account holder

$267

$384-30.4%

$5,801-95.4%

$479-44.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$19,181

LEAVITT CHRISTENSEN & CO PLLC2 years

Filed as: LEAVITT INSURANCE SERVICES OF LA

Service code 99

21820 BURBANK BLVD, SUITE 300 · WOODLAND HILLS, CA 91367

Other Fees

$12,936

KAUFMAN ROSSIN & CO3+ years

Filed as: KAUFMAN & KABANI CPA'S APC

Service code 10

800 FIGUEROA STREET, STE 900 · LOS ANGELES, CA 90017

Accounting

$11,000

PLAN ADMINISTRATION AND DESIGN, INC3+ years

Service code 13

11835 W. OLYMPIC BLVD., SUITE 1000E · LOS ANGELES, CA 900645828

Contract Administrator

$7,816

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,414

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