Retirement plan

ROCKET JEWELRY BOX, INC. PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES

Name: ROCKET JEWELRY BOX, INC - ROCKET JEWELRY BOX, INC. PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES (2020) Form 5500
Creator: ROCKET JEWELRY BOX, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCKET JEWELRY BOX, INC. PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES, ROCKET JEWELRY BOX, INC

ROCKET JEWELRY BOX, INCEIN 13-1831418Plan #002PY 2020

375 EXECUTIVE BLVD, SUITE W-4 - ELMSFORD, NY 10523718-292-5370

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.4M

+0.9% from 2019

Total participants

-2.2% from 2019

Average account balance

$125,828

+3.2% from 2019

Annual return

1.99%

-3.29 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.85M

Not enough data

1 years with asset history on file

Average account balance

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

$308K

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.

158.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15739

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 codes2E2F2G2J2T3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$204K

$13611 / participant

Other / not subdivided$204K100.0%

% of EOY assets

3.773%

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

$125,828

$112,131+12.2%

$95,964+31.1%

$158,982-20.9%

Participation rate

86.7%

79.0%+7.7pp

77.1%+9.6pp

82.0%+4.7pp

Annual return

1.99%

171.19%-169.2pp

91.64%-89.7pp

302.99%-301.0pp

Employer contribution / active EE

$2,959

$3,199-7.5%

$2,541+16.4%

$4,763-37.9%

Participant deferral / active EE

$6,612

$4,784+38.2%

$4,167+58.7%

$5,983+10.5%

Admin fee / account holder

$4,748

$10,136-53.2%

$6,797-30.1%

$11,252-57.8%

ROCKET JEWELRY BOX, INC. PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCKET JEWELRY BOX, INC. PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES

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