Retirement plan

R. C. MOORE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: R.C. MOORE, INC. - R. C. MOORE, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: R.C. MOORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R. C. MOORE, INC. 401(K) PROFIT SHARING PLAN AND TRUST, R.C. MOORE, INC.

R.C. MOORE, INC.EIN 01-0278035Plan #001PY 2021

9 GINN ROAD - SCARBOROUGH, ME 04074207-883-5184rcmoore.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsLow returnsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$5M

+8.5% from 2020

Total participants

477

+28.2% from 2020

Average account balance

$12,598

-11.3% from 2020

Annual return

10.67%

+0.89 pp from 2020

Benchmarks

See 632 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort632 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.95M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

608

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$790K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$15,823
PEOPLE'S UNITED BANK7+ years Service code 13 · EIN 06-1213065	Contract Administrator	$6,819
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$4,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$27K

$91 / participant

Contract admin$16K59.4%
Other / not subdivided$11K40.6%

% of EOY assets

0.529%

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: BERRY, DUNN, MCNEIL & PARKER, LLC
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,598

$58,347-78.4%

$85,693-85.3%

$86,813-85.5%

Participation rate

73.8%

64.9%+8.9pp

69.9%+4.0pp

72.3%+1.5pp

Annual return

10.67%

18.43%-7.8pp

21.49%-10.8pp

97.93%-87.3pp

Employer contribution / active EE

$1,751-100.0%

$2,618-100.0%

$2,406-100.0%

Participant deferral / active EE

$1,640

$3,065-46.5%

$3,923-58.2%

$4,131-60.3%

Admin fee / account holder

$67

$147-54.8%

$6,874-99.0%

$170-60.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$15,823

PEOPLE'S UNITED BANK7+ years

Service code 13 · EIN 06-1213065

Contract Administrator

$6,819

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$4,000

R. C. MOORE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R. C. MOORE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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