Retirement plan

R.P. O'CONNELL, INC. 401(K) PROFIT SHARING PLAN

Name: R.P. O'CONNELL, INC. - R.P. O'CONNELL, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: R.P. O'CONNELL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.P. O'CONNELL, INC. 401(K) PROFIT SHARING PLAN, R.P. O'CONNELL, INC.

R.P. O'CONNELL, INC.EIN 04-2388558Plan #003PY 2024

P.O. BOX 2129 - NATICK, MA 01760508-650-9400

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

-4.7% from 2023

Total participants

+16.7% from 2023

Average account balance

$196,831

+0.9% from 2023

Annual return

16.48%

-5.37 pp from 2023

Benchmarks

See 23,950 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,950 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.98M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9196

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

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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 codes2T2J2E2F2G3D

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.
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.

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

$912K

$60780 / participant

Other / not subdivided$912K100.0%

% of EOY assets

27.247%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,831

$165,984+18.6%

$164,813+19.4%

$145,922+34.9%

Participation rate

73.3%

82.0%-8.7pp

78.6%-5.3pp

80.3%-6.9pp

Annual return

16.48%

100.03%-83.6pp

69.93%-53.5pp

561.29%-544.8pp

Employer contribution / active EE

$2,156

$5,273-59.1%

$4,341-50.3%

$4,660-53.7%

Participant deferral / active EE

$8,981

$6,959+29.1%

$6,031+48.9%

$6,688+34.3%

Admin fee / account holder

$53,630

$16,648+222.1%

$12,690+322.6%

$13,397+300.3%

R.P. O'CONNELL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.P. O'CONNELL, 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