Retirement plan

RAILROAD AVENUE ASSOCIATES 401(K) PLAN

Name: RAILROAD AVENUE ASSOCIATES - RAILROAD AVENUE ASSOCIATES 401(K) PLAN (2021) Form 5500
Creator: RAILROAD AVENUE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAILROAD AVENUE ASSOCIATES 401(K) PLAN, RAILROAD AVENUE ASSOCIATES

RAILROAD AVENUE ASSOCIATESEIN 11-2019218Plan #001PY 2021

175 KENNEDY DRIVE - HAUPPAUGE, NY 11788631-421-1727railroadavenuefitness.comLinkedIn1-10 employeeshealth, wellness and fitness

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10M

+16.7% from 2020

Total participants

164

-7.3% from 2020

Average account balance

$102,805

+29.9% from 2020

Annual return

13.74%

-3.15 pp from 2020

Benchmarks

See 2,981 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,981 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.51M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

104

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.

48.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$884K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASSOCIATED PENSION CONSULTANTS1 year Service code 49 · EIN 11-3271022 401 BROADHOLLOW RD · MELVILLE, NY 11747	Other Services	$7,359
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$1,340

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$17 / participant

Contract admin$3K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NUSSBAUM BERG KLEIN & WOLPOW CPAS
Auditor EIN: 260221653
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,805

$77,670+32.4%

$109,163-5.8%

$79,393+29.5%

Participation rate

55.3%

67.8%-12.5pp

75.9%-20.5pp

70.7%-15.4pp

Annual return

13.74%

23.44%-9.7pp

25.75%-12.0pp

116.87%-103.1pp

Employer contribution / active EE

$1,054

$2,798-62.3%

$3,723-71.7%

$2,428-56.6%

Participant deferral / active EE

$3,513

$3,518-0.2%

$4,654-24.5%

$4,046-13.2%

Admin fee / account holder

$26

$732-96.5%

$6,754-99.6%

$627-95.9%

Provider

Service type

Compensation

ASSOCIATED PENSION CONSULTANTS1 year

Service code 49 · EIN 11-3271022

401 BROADHOLLOW RD · MELVILLE, NY 11747

Other Services

$7,359

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

$1,340

RAILROAD AVENUE ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAILROAD AVENUE ASSOCIATES 401(K) 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