Retirement plan

RIVERSIDE RESEARCH INSTITUTE TAX-SHELTERED RETIREMENT INCOME PLAN

Name: RIVERSIDE RESEARCH INSTITUTE - RIVERSIDE RESEARCH INSTITUTE TAX-SHELTERED RETIREMENT INCOME PLAN (2019) Form 5500
Creator: RIVERSIDE RESEARCH INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVERSIDE RESEARCH INSTITUTE TAX-SHELTERED RETIREMENT INCOME PLAN, RIVERSIDE RESEARCH INSTITUTE

RIVERSIDE RESEARCH INSTITUTEEIN 13-2593244Plan #002PY 2019

LAWRENCE H. ONEILL RESEARCH C, 156 WILLIAM ST., 9TH FLOOR - NEW YORK, NY 10038212-502-1798riversideresearch.orgLinkedIn501-1000 employeesresearch

Other plans on this EIN

1 filing

#001Retirement-$77.8M assets

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 15, 2021

Plan administrator

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2900 Crystal Drive

Arlington, VA 22202

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Plans declared (1)

Riverside Research Institute1 emp

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Total assets (EOY)

$77.6M

+20.4% from 2018

Total participants

958

+14.3% from 2018

Average account balance

$107,634

+9.7% from 2018

Annual return

19.36%

+21.63 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$105.61M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

814

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.

69.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 60 · EIN 04-1590850	Sub-TA Fees	$56,629
RIVERSIDE RESEARCH INSTITUTE5+ years Service code 64 · EIN 13-2593244	Recordkeeping Fees	$38,285
AB FUNDS3 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
CALVERT3 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS3 years Service code 52 · EIN 22-2370029	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT3 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD Service code 52 · EIN 51-0106626	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2L2F2G2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$95K

$144 / participant

Investment mgmt$54K56.8%
Contract admin$3K2.9%
Other / not subdivided$38K40.3%

% of EOY assets

0.122%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,634

$88,122+22.1%

$141,197-23.8%

$67,582+59.3%

Participation rate

64.1%

76.5%-12.4pp

82.5%-18.4pp

71.3%-7.2pp

Annual return

19.36%

75.40%-56.0pp

71.41%-52.0pp

378.57%-359.2pp

Employer contribution / active EE

$3,224-100.0%

$4,736-100.0%

$2,148-100.0%

Participant deferral / active EE

$7,308

$5,958+22.7%

$6,710+8.9%

$3,539+106.5%

Admin fee / account holder

$132

$131+0.6%

$10,265-98.7%

$142-7.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 60 · EIN 04-1590850

Sub-TA Fees

$56,629

RIVERSIDE RESEARCH INSTITUTE5+ years

Service code 64 · EIN 13-2593244

Recordkeeping Fees

$38,285

AB FUNDS3 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

CALVERT3 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS3 years

Service code 52 · EIN 22-2370029

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT3 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD

Service code 52 · EIN 51-0106626

Indirect Investment Fees

RIVERSIDE RESEARCH INSTITUTE TAX-SHELTERED RETIREMENT INCOME PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVERSIDE RESEARCH INSTITUTE TAX-SHELTERED RETIREMENT INCOME PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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