Retirement plan

RUDY'S LIMOUSINE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: RUDYS LIMOUSINE SERVICE, INC. - RUDY'S LIMOUSINE SERVICES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: RUDYS LIMOUSINE SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUDY'S LIMOUSINE SERVICES, INC. 401(K) PROFIT SHARING PLAN, RUDYS LIMOUSINE SERVICE, INC.

RUDYS LIMOUSINE SERVICE, INC.EIN 06-0946080Plan #001PY 2017

85 OLD LONG RIDGE RD - STAMFORD, CT 06903203-609-8000LinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.6M

+19.6% from 2016

Total participants

160

-0.6% from 2016

Average account balance

$51,470

-0.6% from 2016

Annual return

15.56%

+8.98 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.58M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

72.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$392K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6486

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$40,800
MADISON PENSION SERVICES, INC.3+ years Filed as: MADISON PENSION SERVICES INC. Service code 15 · EIN 13-2945975	Recordkeeping	$11,667
CARON & BLETZER, PLLC1 year Filed as: CARON & BLETZER PLLC Service code 10 51 CHURCH STREET · KINGSTON, NH 03848	Accounting	$7,025
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, LLC Service code 22 1295 STATE STREET · SPRINGFIELD, MA 011118089	Insurance Broker	$0
MSI FINANCIAL SERVICES INC.2+ years Service code 22 WOODWARD BUILDING · CHARLOTTE, NC 28277	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2H2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$421 / participant

Other / not subdivided$60K100.0%

% of EOY assets

1.304%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,470

$46,297+11.2%

$71,671-28.2%

$62,293-17.4%

Participation rate

50.0%

60.6%-10.6pp

68.7%-18.7pp

69.5%-19.5pp

Annual return

15.56%

22.32%-6.8pp

20.65%-5.1pp

28.90%-13.3pp

Employer contribution / active EE

$805

$1,412-43.0%

$2,460-67.3%

$2,042-60.6%

Participant deferral / active EE

$1,890

$2,235-15.4%

$3,438-45.0%

$3,169-40.4%

Admin fee / account holder

$671

$461+45.7%

$5,558-87.9%

$479+40.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$40,800

MADISON PENSION SERVICES, INC.3+ years

Filed as: MADISON PENSION SERVICES INC.

Service code 15 · EIN 13-2945975

Recordkeeping

$11,667

CARON & BLETZER, PLLC1 year

Filed as: CARON & BLETZER PLLC

Service code 10

51 CHURCH STREET · KINGSTON, NH 03848

Accounting

$7,025

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, LLC

Service code 22

1295 STATE STREET · SPRINGFIELD, MA 011118089

Insurance Broker

MSI FINANCIAL SERVICES INC.2+ years

Service code 22

WOODWARD BUILDING · CHARLOTTE, NC 28277

Insurance Broker

RUDY'S LIMOUSINE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUDY'S LIMOUSINE SERVICES, 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