Retirement plan

RANK SHIPPING, INC. PROFIT SHARING PLAN

Name: RANK SHIPPING, INC. - RANK SHIPPING, INC. PROFIT SHARING PLAN (2021) Form 5500
Creator: RANK SHIPPING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RANK SHIPPING, INC. PROFIT SHARING PLAN, RANK SHIPPING, INC.

RANK SHIPPING, INC.EIN 11-2356301Plan #001PY 2021

53 NORTH PARK AVENUE, SUITE 53 - ROCKVILLE CENTRE, NY 11570516-255-0600ranklogistics.inLinkedIn11-50 employeesimport and export

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.1M

+41.0% from 2020

Total participants

-20.0% from 2020

Average account balance

$272,176

+76.3% from 2020

Annual return

33.07%

+38.06 pp from 2020

Benchmarks

See 7,537 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort7,537 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47M

Not enough data

1 years with asset history on file

Average account balance

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

$489K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+21.63%

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 codes2E2J3D

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$272,176

$104,694+160.0%

$85,709+217.6%

$167,536+62.5%

Participation rate

100.0%

76.4%+23.6pp

69.9%+30.1pp

82.1%+17.9pp

Annual return

33.07%

21.45%+11.6pp

21.49%+11.6pp

478.82%-445.7pp

Employer contribution / active EE

$4,074

$3,337+22.1%

$2,619+55.6%

$4,839-15.8%

Participant deferral / active EE

$11,259

$4,826+133.3%

$3,924+187.0%

$6,342+77.5%

Admin fee / account holder

$10,035-100.0%

$6,876-100.0%

$12,315-100.0%

RANK SHIPPING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

RANK SHIPPING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion