Retirement plan

ROYAL MASTER GRINDERS, INC. EMPLOYEES' PROFIT SHARING AND SALARY INVESTMENT PLAN

Name: ROYAL MASTER GRINDERS, INC. - ROYAL MASTER GRINDERS, INC. EMPLOYEES' PROFIT SHARING AND SALARY INVESTMENT PLAN (2024) Form 5500
Creator: ROYAL MASTER GRINDERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL MASTER GRINDERS, INC. EMPLOYEES' PROFIT SHARING AND SALARY INVESTMENT PLAN, ROYAL MASTER GRINDERS, INC.

ROYAL MASTER GRINDERS, INC.EIN 22-1636411Plan #001PY 2024

143 BAUER DRIVE - OAKLAND, NJ 07436201-337-8500royalmaster.comLinkedIn11-50 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+14.5% from 2023

Total participants

-5.4% from 2023

Average account balance

$137,432

+18.1% from 2023

Annual return

10.95%

-3.63 pp from 2023

Benchmarks

See 14,159 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,159 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.80M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

116.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$644K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6622

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 codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$424K

$7706 / participant

Other / not subdivided$424K100.0%

% of EOY assets

4.818%

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

$137,432

$86,940+58.1%

$102,434+34.2%

$80,935+69.8%

Participation rate

89.1%

72.4%+16.7pp

76.5%+12.6pp

67.7%+21.4pp

Annual return

10.95%

18.89%-7.9pp

29.46%-18.5pp

35.66%-24.7pp

Employer contribution / active EE

$3,636

$2,370+53.5%

$3,023+20.3%

$2,757+31.9%

Participant deferral / active EE

$8,078

$4,121+96.0%

$5,055+59.8%

$4,299+87.9%

Admin fee / account holder

$6,622

$8,047-17.7%

$9,462-30.0%

$6,924-4.4%

ROYAL MASTER GRINDERS, INC. EMPLOYEES' PROFIT SHARING AND SALARY INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROYAL MASTER GRINDERS, INC. EMPLOYEES' PROFIT SHARING AND SALARY INVESTMENT 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