Retirement plan

RICK'S MOTORSPORT ELECTRICS, INC. PROFIT SHARING PLAN

Name: RICKS MOTORSPORT ELECTRICS, INC. - RICK'S MOTORSPORT ELECTRICS, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: RICKS MOTORSPORT ELECTRICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICK'S MOTORSPORT ELECTRICS, INC. PROFIT SHARING PLAN, RICKS MOTORSPORT ELECTRICS, INC.

RICKS MOTORSPORT ELECTRICS, INC.EIN 02-0523023Plan #001PY 2022

48 GIGANTE DRIVE - HAMPSTEAD, NH 03841603-329-9901

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2M

-8.9% from 2021

Total participants

+9.8% from 2021

Average account balance

$119,784

+87.5% from 2021

Annual return

-16.49%

-27.59 pp from 2021

Benchmarks

See 9,447 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,447 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

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.

117.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$661

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

+2.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$814

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$85 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.134%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,784

$59,834+100.2%

$79,576+50.5%

$68,495+74.9%

Participation rate

12.5%

61.1%-48.6pp

69.5%-57.0pp

67.9%-55.4pp

Annual return

-16.49%

-12.30%-4.2pp

0.15%-16.6pp

-7.84%-8.7pp

Employer contribution / active EE

$3,750

$1,505+149.2%

$2,413+55.4%

$2,596+44.4%

Participant deferral / active EE

$1,625

$3,024-46.3%

$3,985-59.2%

$4,028-59.7%

Admin fee / account holder

$161

$4,835-96.7%

$6,834-97.6%

$5,403-97.0%

RICK'S MOTORSPORT ELECTRICS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICK'S MOTORSPORT ELECTRICS, INC. 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