Retirement plan

RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLA

Name: RIVERHEAD BUILDING SUPPLY CORP. - RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLA (2021) Form 5500
Creator: RIVERHEAD BUILDING SUPPLY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLA, RIVERHEAD BUILDING SUPPLY CORP.

RIVERHEAD BUILDING SUPPLY CORP.EIN 11-2238519Plan #004PY 2021

250 DAVID COURT - CALVERTON, NY 11933631-996-3129rbscorp.comLinkedIn501-1000 employeesbuilding materials

Other plans on this EIN

1 filing

#003Retirement-$19.0M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$66.9M

+16.8% from 2020

Total participants

616

+14.7% from 2020

Average account balance

$110,237

+2.2% from 2020

Annual return

13.07%

-3.78 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.27M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

709

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$394

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC7+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$99,893
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$78,344
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571	Advisory (Plan)	$44,397
SHEEHAN & COMPANY5 years Service code 10 · EIN 13-2709344	Accounting	$21,000
UBS FINANCIAL SERVICES INC5 years Filed as: UBS FINANCIAL SERVICES INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$8,574
AB FUNDS5 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
FRANKLIN TEMPLETON5 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

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

$244K

$445 / participant

Investment mgmt$200K82.3%
Contract admin$20K8.4%
Other / not subdivided$23K9.3%

% of EOY assets

0.364%

all-in expense ratio

Categories reported

2 / 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: SHEEHAN & COMPANY CPA PC
Auditor EIN: 132709344
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,237

$86,225+27.8%

$146,647-24.8%

$86,821+27.0%

Participation rate

98.4%

78.0%+20.4pp

80.1%+18.3pp

72.3%+26.1pp

Annual return

13.07%

31.23%-18.2pp

22.75%-9.7pp

97.94%-84.9pp

Employer contribution / active EE

$3,397

$2,392+42.0%

$4,137-17.9%

$2,406+41.2%

Participant deferral / active EE

$5,127

$4,245+20.8%

$5,506-6.9%

$4,132+24.1%

Admin fee / account holder

$401

$195+105.5%

$10,281-96.1%

$170+136.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC7+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$99,893

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$78,344

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

Advisory (Plan)

$44,397

SHEEHAN & COMPANY5 years

Service code 10 · EIN 13-2709344

Accounting

$21,000

UBS FINANCIAL SERVICES INC5 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$8,574

AB FUNDS5 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

FRANKLIN TEMPLETON5 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLA

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