Retirement plan

RYAN COMPANIES 401(K) PROFIT SHARING PLAN

Name: RYAN INCORPORATED SOUTHERN - RYAN COMPANIES 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: RYAN INCORPORATED SOUTHERN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RYAN COMPANIES 401(K) PROFIT SHARING PLAN, RYAN INCORPORATED SOUTHERN

RYAN INCORPORATED SOUTHERNEIN 20-2087333Plan #001PY 2020

1700 S. POWERLINE ROAD, SUITE H - DEERFIELD BEACH, FL 33442954-427-5599

Prospect flagsHigh feesLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.3M

+32.9% from 2019

Total participants

178

+11.9% from 2019

Average account balance

$72,774

+6.3% from 2019

Annual return

17.98%

-7.14 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.24M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

124

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.

46.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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 6 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$21,599
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$19,634
ROBERT HALF1 year Filed as: RHI Service code 13 · EIN 85-0833363	Contract Administrator	$770
PENSION ASSURANCE LLP3 years Filed as: THE PENSION STUDIO Service code 13	Contract Administrator	$668
DEFINITI LLC1 year Filed as: DEFINITI Service code 13 · EIN 85-0833363	Contract Administrator	$350
PENSION ASSURANCE LLP1 year Filed as: PENSION STUDIO Service code 13 · EIN 54-2154380	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$41K

$247 / participant

Contract admin$41K100.0%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,774

$69,383+4.9%

$101,275-28.1%

$73,497-1.0%

Participation rate

53.3%

68.4%-15.1pp

75.8%-22.5pp

70.7%-17.4pp

Annual return

17.98%

18.46%-0.5pp

46.48%-28.5pp

28.51%-10.5pp

Employer contribution / active EE

$1,715

$2,628-34.8%

$3,660-53.1%

$2,270-24.5%

Participant deferral / active EE

$3,484

$3,301+5.6%

$4,371-20.3%

$3,740-6.8%

Admin fee / account holder

$412

$704-41.4%

$5,948-93.1%

$513-19.6%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$21,599

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$19,634

ROBERT HALF1 year

Filed as: RHI

Service code 13 · EIN 85-0833363

Contract Administrator

$770

PENSION ASSURANCE LLP3 years

Filed as: THE PENSION STUDIO

Service code 13

Contract Administrator

$668

DEFINITI LLC1 year

Filed as: DEFINITI

Service code 13 · EIN 85-0833363

Contract Administrator

$350

PENSION ASSURANCE LLP1 year

Filed as: PENSION STUDIO

Service code 13 · EIN 54-2154380

Contract Administrator

RYAN COMPANIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RYAN COMPANIES 401(K) PROFIT SHARING 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