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 (2017) 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 2017

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

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.8M

+23.8% from 2016

Total participants

126

+4.1% from 2016

Average account balance

$62,886

+27.8% from 2016

Annual return

18.82%

+13.25 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
GLENS FALLS NATIONAL BANK AND TRUST1 year Service code 15 250 GLEN STREET · GLENS FALLS, NY 12801	Recordkeeping	$22,966

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$126 / participant

Investment mgmt$12K84.7%
Contract admin$2K15.3%

% of EOY assets

0.361%

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: CMJ, LLP
Auditor EIN: 141710385
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,886

$51,466+22.2%

$78,778-20.2%

$62,293+1.0%

Participation rate

40.9%

59.8%-18.9pp

69.2%-28.3pp

69.5%-28.6pp

Annual return

18.82%

19.96%-1.1pp

35.62%-16.8pp

28.90%-10.1pp

Employer contribution / active EE

$539

$827-34.8%

$1,986-72.8%

$2,042-73.6%

Participant deferral / active EE

$2,397

$2,147+11.6%

$2,958-19.0%

$3,169-24.4%

Admin fee / account holder

$227

$489-53.7%

$5,134-95.6%

$479-52.7%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST1 year

Service code 15

250 GLEN STREET · GLENS FALLS, NY 12801

Recordkeeping

$22,966

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