Retirement plan

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

Name: KAREN KANE, INC. - KAREN KANE, INC. 401(K) PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.7M

-8.2% from 2017

Total participants

214

-14.7% from 2017

Average account balance

$37,698

-7.8% from 2017

Annual return

-5.92%

-17.79 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$30,499
LEAVITT CHRISTENSEN & CO PLLC3 years Filed as: LEAVITT INSURANCE SERVICES OF LA Service code 99 21820 BURBANK BLVD, SUITE 300 · WOODLAND HILLS, CA 91367	Other Fees	$13,280
KAUFMAN ROSSIN & CO4+ 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, INC4+ years Service code 13 11835 W. OLYMPIC BLVD., SUITE 1000E · LOS ANGELES, CA 900645828	Contract Administrator	$10,369
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,827

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3H

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.
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

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

$70K

$417 / participant

Investment mgmt$37K53.3%
Other / not subdivided$33K46.7%

% of EOY assets

0.907%

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

$37,698

$43,504-13.3%

$68,612-45.1%

$56,289-33.0%

Participation rate

94.6%

67.8%+26.8pp

72.2%+22.4pp

69.9%+24.8pp

Annual return

-5.92%

-3.15%-2.8pp

-4.63%-1.3pp

-9.96%+4.0pp

Employer contribution / active EE

$423

$1,525-72.3%

$2,625-83.9%

$2,111-80.0%

Participant deferral / active EE

$2,657

$2,509+5.9%

$3,311-19.8%

$3,350-20.7%

Admin fee / account holder

$342

$515-33.6%

$5,131-93.3%

$521-34.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$30,499

LEAVITT CHRISTENSEN & CO PLLC3 years

Filed as: LEAVITT INSURANCE SERVICES OF LA

Service code 99

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

Other Fees

$13,280

KAUFMAN ROSSIN & CO4+ 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, INC4+ years

Service code 13

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

Contract Administrator

$10,369

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,827

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