Retirement plan

ROCK-IT CARGO 401(K) PLAN

Name: ROCK-IT CARGO USA LLC (USA) - ROCK-IT CARGO 401(K) PLAN (2021) Form 5500
Creator: ROCK-IT CARGO USA LLC (USA)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCK-IT CARGO 401(K) PLAN, ROCK-IT CARGO USA LLC (USA)

ROCK-IT CARGO USA LLC (USA)EIN 20-3879208Plan #002PY 2021

1002 LITITZ PIKE, SUITE 238 - LITITZ, PA 17543215-947-5400

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$25.9M

+10.7% from 2020

Total participants

229

+7.0% from 2020

Average account balance

$119,956

+9.6% from 2020

Annual return

8.68%

-8.86 pp from 2020

Benchmarks

See 1,070 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,070 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.31M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

323

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$33,847
MMA SECURITIES LLC2 years Service code 16 · EIN 22-3570392	Consulting	$13,850

Plan features & details

Pension benefit codes2F2J2E3D2T2S2G

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$48K

$245 / participant

Other / not subdivided$48K100.0%

% of EOY assets

0.184%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,956

$60,776+97.4%

$85,693+40.0%

$79,393+51.1%

Participation rate

93.3%

62.1%+31.2pp

69.9%+23.5pp

70.7%+22.6pp

Annual return

8.68%

16.57%-7.9pp

21.49%-12.8pp

116.87%-108.2pp

Employer contribution / active EE

$1,663-100.0%

$2,618-100.0%

$2,428-100.0%

Participant deferral / active EE

$6,494

$2,919+122.5%

$3,923+65.5%

$4,046+60.5%

Admin fee / account holder

$221

$438-49.6%

$6,874-96.8%

$627-64.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$33,847

MMA SECURITIES LLC2 years

Service code 16 · EIN 22-3570392

Consulting

$13,850

ROCK-IT CARGO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCK-IT CARGO 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