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 (2023) 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 2023

565 TAXTER RD. SUITE 560 - ELMSFORD, NY 10523800-762-5521

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.2M

+0.7% from 2022

Total participants

-14.6% from 2022

Average account balance

$134,324

+8.5% from 2022

Annual return

2.71%

+5.66 pp from 2022

Benchmarks

See 22,643 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,643 peers

Snapshot2023

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

$329K

$25338 / participant

Other / not subdivided$329K100.0%

% of EOY assets

6.288%

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

$134,324

$110,212+21.9%

$96,534+39.1%

$139,466-3.7%

Participation rate

84.6%

78.1%+6.5pp

76.0%+8.6pp

80.3%+4.3pp

Annual return

2.71%

26.42%-23.7pp

25.88%-23.2pp

373.66%-371.0pp

Employer contribution / active EE

$2,981

$3,620-17.6%

$2,965+0.5%

$4,754-37.3%

Participant deferral / active EE

$3,664

$5,547-34.0%

$4,851-24.5%

$6,712-45.4%

Admin fee / account holder

$8,446

$11,599-27.2%

$8,253+2.3%

$11,409-26.0%

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