Retirement plan

RUDIN MANAGEMENT CO., INC. 401(K) PLAN

Name: RUDIN MANAGEMENT CO., INC. - RUDIN MANAGEMENT CO., INC. 401(K) PLAN (2023) Form 5500
Creator: RUDIN MANAGEMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUDIN MANAGEMENT CO., INC. 401(K) PLAN, RUDIN MANAGEMENT CO., INC.

RUDIN MANAGEMENT CO., INC.EIN 13-1247876Plan #002PY 2023

345 PARK AVENUE, 32ND FLOOR - NEW YORK, NY 101540004212-407-2400

Other plans on this EIN

1 filing

#001Retirement-$123.6M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$44.1M

+13.9% from 2022

Total participants

243

+5.7% from 2022

Average account balance

$205,898

-2.1% from 2022

Annual return

27.06%

+48.33 pp from 2022

Benchmarks

See 1,071 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,071 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.88M

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

199

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

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

+23.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 3 by compensation

Provider	Service type	Compensation
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-2646110	Consulting	$48,260
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ MARKS PANETH LLC Service code 10 · EIN 22-2769024	Accounting	$26,500
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$58,448

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$76K

$424 / participant

Recordkeeping$2K2.0%
Other / not subdivided$75K98.0%

% of EOY assets

0.173%

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: CBIZ CPAS
Auditor EIN: 431947695
Audit fees: $26,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,898

$65,390+214.9%

$169,369+21.6%

$71,476+188.1%

Participation rate

83.9%

67.0%+16.9pp

77.2%+6.7pp

67.9%+16.0pp

Annual return

27.06%

21.31%+5.7pp

405.70%-378.6pp

28.85%-1.8pp

Employer contribution / active EE

$163

$2,079-92.2%

$4,011-95.9%

$2,589-93.7%

Participant deferral / active EE

$11,061

$4,367+153.3%

$6,221+77.8%

$4,290+157.8%

Admin fee / account holder

$356

$1,324-73.1%

$9,009-96.0%

$1,587-77.6%

Provider

Service type

Compensation

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$48,260

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ MARKS PANETH LLC

Service code 10 · EIN 22-2769024

Accounting

$26,500

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$58,448

RUDIN MANAGEMENT CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUDIN MANAGEMENT CO., INC. 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