Retirement plan

ROCKFORM CARBIDE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

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

ROCKFORM CARBIDE MANUFACTURING, INC.EIN 04-3714458Plan #001PY 2024

PO BOX 4487 - CANTON, GA 30114815-398-7650

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+18.8% from 2023

Total participants

-14.3% from 2023

Average account balance

$53,321

+27.0% from 2023

Annual return

12.21%

-2.35 pp from 2023

Benchmarks

See 14,176 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.55M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3361

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$97K

$3249 / participant

Other / not subdivided$97K100.0%

% of EOY assets

6.304%

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

$53,321

$86,922-38.7%

$102,438-47.9%

$80,874-34.1%

Participation rate

96.7%

72.4%+24.3pp

76.5%+20.2pp

67.6%+29.0pp

Annual return

12.21%

18.90%-6.7pp

29.37%-17.2pp

35.62%-23.4pp

Employer contribution / active EE

$2,208

$2,369-6.8%

$3,024-27.0%

$2,756-19.9%

Participant deferral / active EE

$3,843

$4,119-6.7%

$5,054-24.0%

$4,297-10.6%

Admin fee / account holder

$3,361

$8,050-58.2%

$9,448-64.4%

$6,935-51.5%

ROCKFORM CARBIDE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCKFORM CARBIDE MANUFACTURING, 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