Retirement plan

RED RIVER OILFIELD SERVICES, INC. 401(K) PLAN

Name: RED RIVER OILFIELD SERVICES, INC. - RED RIVER OILFIELD SERVICES, INC. 401(K) PLAN (2022) Form 5500
Creator: RED RIVER OILFIELD SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED RIVER OILFIELD SERVICES, INC. 401(K) PLAN, RED RIVER OILFIELD SERVICES, INC.

RED RIVER OILFIELD SERVICES, INC.EIN 20-4542165Plan #001PY 2022

1202 E BROADWAY - WILLISTON, ND 588016156701-774-3904redriveroilfieldservices.comLinkedIn11-50 employeespackage/freight delivery

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$411K

-27.4% from 2020

Total participants

+35.3% from 2020

Average account balance

$27,423

-46.8% from 2020

Annual return

-15.95%

-27.27 pp from 2020

Benchmarks

See 8,687 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,687 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$474K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$847

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

+9.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2339

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

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.)

Expense breakdown

Schedule H Part II

Admin total

$181K

$12915 / participant

Other / not subdivided$181K100.0%

% of EOY assets

43.957%

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

$27,423

$82,314-66.7%

$68,808-60.1%

$134,532-79.6%

Participation rate

42.9%

75.1%-32.2pp

69.0%-26.2pp

81.2%-38.4pp

Annual return

-15.95%

-2.18%-13.8pp

-6.37%-9.6pp

418.27%-434.2pp

Employer contribution / active EE

$1,108

$3,301-66.4%

$2,656-58.3%

$4,741-76.6%

Participant deferral / active EE

$1,684

$4,740-64.5%

$3,942-57.3%

$6,401-73.7%

Admin fee / account holder

$12,054

$6,484+85.9%

$4,936+144.2%

$11,429+5.5%

RED RIVER OILFIELD SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED RIVER OILFIELD SERVICES, INC. 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