Retirement plan

RM EXECUTIVE TRANSPORTATION, INC 401(K) PROFIT SHARING PLAN AND T

Name: RM EXECUTIVE TRANSPORTATION, INC - RM EXECUTIVE TRANSPORTATION, INC 401(K) PROFIT SHARING PLAN AND T (2023) Form 5500
Creator: RM EXECUTIVE TRANSPORTATION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RM EXECUTIVE TRANSPORTATION, INC 401(K) PROFIT SHARING PLAN AND T, RM EXECUTIVE TRANSPORTATION, INC

RM EXECUTIVE TRANSPORTATION, INCEIN 20-3838599Plan #001PY 2023

525 SUNOL STREET - SAN JOSE, CA 95126650-458-4223

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$518K

+44.0% from 2022

Total participants

+9.4% from 2022

Average account balance

$14,798

+31.7% from 2022

Annual return

16.34%

+35.26 pp from 2022

Benchmarks

See 4,601 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,601 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$769K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$413

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$47K

$1575 / participant

Other / not subdivided$47K100.0%

% of EOY assets

9.122%

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

$14,798

$51,222-71.1%

$70,544-79.0%

$75,173-80.3%

Participation rate

100.0%

61.0%+39.0pp

68.4%+31.6pp

67.2%+32.8pp

Annual return

16.34%

30.06%-13.7pp

32.79%-16.5pp

160.72%-144.4pp

Employer contribution / active EE

$1,633

$1,827-10.6%

$2,976-45.1%

$2,671-38.9%

Participant deferral / active EE

$3,262

$2,850+14.4%

$4,568-28.6%

$4,126-21.0%

Admin fee / account holder

$1,350

$4,096-67.0%

$6,427-79.0%

$5,651-76.1%

RM EXECUTIVE TRANSPORTATION, INC 401(K) PROFIT SHARING PLAN AND T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RM EXECUTIVE TRANSPORTATION, INC 401(K) PROFIT SHARING PLAN AND T

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