Retirement plan

GARY P. RUCHIN & ASSOCIATES PROFIT SHARING PLAN

Name: GARY P. RUCHIN AND ASSOCIATES - GARY P. RUCHIN & ASSOCIATES PROFIT SHARING PLAN (2024) Form 5500
Creator: GARY P. RUCHIN AND ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARY P. RUCHIN & ASSOCIATES PROFIT SHARING PLAN, GARY P. RUCHIN AND ASSOCIATES

GARY P. RUCHIN AND ASSOCIATESEIN 06-1146489Plan #001PY 2024

7 KEYNOTE DRIVE, SUITE B - VERNON, CT 06066860-871-1278ruchin.netLinkedIn1-10 employeesconsumer services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+25.2% from 2023

Total participants

0.0% from 2023

Average account balance

-100.0% from 2023

Annual return

20.77%

+9.01 pp from 2023

Benchmarks

See 37,126 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,126 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$450K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$119K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+20.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2H2J3B3D

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$55K

$13866 / participant

Other / not subdivided$55K100.0%

% of EOY assets

3.083%

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

$201,344-100.0%

$184,243-100.0%

$145,877-100.0%

Participation rate

0.0%

87.5%-87.5pp

86.8%-86.8pp

80.3%-80.3pp

Annual return

20.77%

29.01%-8.2pp

28.82%-8.0pp

551.28%-530.5pp

Employer contribution / active EE

$16,983

$7,022+141.8%

$6,427+164.3%

$4,663+264.2%

Participant deferral / active EE

$12,825

$9,807+30.8%

$9,132+40.4%

$6,691+91.7%

Admin fee / account holder

$16,382-100.0%

$13,914-100.0%

$13,402-100.0%

GARY P. RUCHIN & ASSOCIATES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARY P. RUCHIN & ASSOCIATES 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