Retirement plan

RO-ZAP ENTERPRISES, INC. PROFIT SHARING 401(K) PLAN

Name: RO-ZAP ENTERPRISES, INC. - RO-ZAP ENTERPRISES, INC. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: RO-ZAP ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RO-ZAP ENTERPRISES, INC. PROFIT SHARING 401(K) PLAN, RO-ZAP ENTERPRISES, INC.

RO-ZAP ENTERPRISES, INC.EIN 14-1638813Plan #001PY 2024

170 SARATOGA AVENUE - SOUTH GLENS FALLS, NY 12803518-793-8589LinkedIn51-200 employeesretail

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$16.3M

+34.5% from 2023

Total participants

413

+9.5% from 2023

Average account balance

$63,103

+17.3% from 2023

Annual return

19.56%

-1.05 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.28M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

258

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.

57.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 2 by compensation

Provider	Service type	Compensation
GLENS FALLS NATIONAL BANK AND TRUST8 years Service code 15 250 GLEN STREET · GLENS FALLS, NY 12801	Recordkeeping	$58,984
CMJ, LLP6 years Service code 10 276 DIX AVE · QUEENSBURY, NY 12804	Accounting	$13,000

Plan features & details

Pension benefit codes2E2J2K2S3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$72K

$196 / participant

Investment mgmt$53K73.1%
Contract admin$6K8.9%
Other / not subdivided$13K18.1%

% of EOY assets

0.442%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CMJ, LLP
Auditor EIN: 141710385
Audit fees: $13,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,103

$54,193+16.4%

$93,669-32.6%

$77,714-18.8%

Participation rate

57.8%

63.9%-6.2pp

68.7%-11.0pp

70.6%-12.8pp

Annual return

19.56%

30.54%-11.0pp

133.59%-114.0pp

31.26%-11.7pp

Employer contribution / active EE

$2,024

$1,168+73.3%

$2,424-16.5%

$2,727-25.8%

Participant deferral / active EE

$3,928

$3,144+24.9%

$4,416-11.0%

$4,649-15.5%

Admin fee / account holder

$279

$576-51.5%

$8,291-96.6%

$433-35.6%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST8 years

Service code 15

250 GLEN STREET · GLENS FALLS, NY 12801

Recordkeeping

$58,984

CMJ, LLP6 years

Service code 10

276 DIX AVE · QUEENSBURY, NY 12804

Accounting

$13,000

RO-ZAP ENTERPRISES, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RO-ZAP ENTERPRISES, INC. PROFIT SHARING 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