Retirement plan

ROGERS FOAM CORPORATION 401(K)/PROFIT SHARING PLAN

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

ROGERS FOAM CORPORATIONEIN 04-2042125Plan #001PY 2024

20 VERNON ST - SOMERVILLE, MA 02145617-623-3010rogersfoam.comLinkedIn201-500 employeesplastics

Prospect flagsLow returnsFailed to transmit contributionsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$63.4M

+18.6% from 2023

Total participants

427

+3.6% from 2023

Average account balance

$156,066

+14.5% from 2023

Annual return

11.25%

-4.30 pp from 2023

Benchmarks

See 1,164 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,164 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$63.36M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

406

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$56,914
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$30,736
LITMANGERSON ASSOCIATES, LLP5 years Filed as: LITMAN Service code 10 · EIN 04-2694095	Accounting	$13,000
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$9,819

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H3D

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.
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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$110K

$296 / participant

Recordkeeping$57K51.5%
Investment mgmt$10K8.9%
Other / not subdivided$44K39.6%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LITMAN GERSON ASSOCIATES, LLP
Auditor EIN: 042694095
Audit fees: $13,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,066

$92,055+69.5%

$106,213+46.9%

$77,643+101.0%

Participation rate

94.4%

81.0%+13.3pp

75.3%+19.1pp

70.6%+23.8pp

Annual return

11.25%

17.91%-6.7pp

116.14%-104.9pp

31.24%-20.0pp

Employer contribution / active EE

$10,502

$3,367+211.9%

$3,171+231.1%

$2,726+285.3%

Participant deferral / active EE

$4,269

$5,386-20.7%

$5,016-14.9%

$4,647-8.1%

Admin fee / account holder

$272

$219+24.2%

$11,033-97.5%

$430-36.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$56,914

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPFINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$30,736

LITMANGERSON ASSOCIATES, LLP5 years

Filed as: LITMAN

Service code 10 · EIN 04-2694095

Accounting

$13,000

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$9,819

ROGERS FOAM CORPORATION 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROGERS FOAM CORPORATION 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