Retirement plan

ROTTERDAM VENTURES, INC. EMPLOYEES SAVINGS PLAN AND TRUST

Name: ROTTERDAM VENTURES, INC. - ROTTERDAM VENTURES, INC. EMPLOYEES SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: ROTTERDAM VENTURES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROTTERDAM VENTURES, INC. EMPLOYEES SAVINGS PLAN AND TRUST, ROTTERDAM VENTURES, INC.

ROTTERDAM VENTURES, INC.EIN 22-1865964Plan #002PY 2023

220 HARBORSIDE DRIVE, SUITE 300 - SCHENECTADY, NY 12305518-356-4445LinkedIn51-200 employeesreal estate

Other plans on this EIN

1 filing

#001Retirement-$8.0M assets

Prospect flagsHigh feesHigh cashLow participation

How to read this page

Total assets (EOY)

$12.2M

+15.4% from 2022

Total participants

171

+7.5% from 2022

Average account balance

$96,117

+10.0% from 2022

Annual return

19.08%

+41.85 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.15M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

127

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$570

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 3 by compensation

Provider	Service type	Compensation
CONRAD CAPITAL MANAGEMENT INC.3 years Filed as: CONRAD CAPITAL MANAGEMENT INC Service code 27 1300 VETRANS MEMORIAL HWY STE 230 · HAUPPAUGE, NY 11788	Advisory (Plan)	$26,367
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$15,707
CARON & BLETZER, PLLC9+ years Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$11,100

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$55K

$381 / participant

Recordkeeping$16K28.7%
Investment mgmt$28K51.1%
Other / not subdivided$11K20.3%

% of EOY assets

0.449%

all-in expense ratio

Categories reported

2 / 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 PLLC
Auditor EIN: 043499945
Audit fees: $11,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,117

$65,428+46.9%

$169,390-43.3%

$71,511+34.4%

Participation rate

69.4%

66.9%+2.6pp

77.2%-7.7pp

67.9%+1.5pp

Annual return

19.08%

21.35%-2.3pp

406.07%-387.0pp

28.86%-9.8pp

Employer contribution / active EE

$2,109

$2,064+2.2%

$4,013-47.5%

$2,589-18.6%

Participant deferral / active EE

$4,734

$4,360+8.6%

$6,222-23.9%

$4,291+10.3%

Admin fee / account holder

$432

$1,328-67.5%

$9,015-95.2%

$1,588-72.8%

Provider

Service type

Compensation

CONRAD CAPITAL MANAGEMENT INC.3 years

Filed as: CONRAD CAPITAL MANAGEMENT INC

Service code 27

1300 VETRANS MEMORIAL HWY STE 230 · HAUPPAUGE, NY 11788

Advisory (Plan)

$26,367

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$15,707

CARON & BLETZER, PLLC9+ years

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$11,100

ROTTERDAM VENTURES, INC. EMPLOYEES SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROTTERDAM VENTURES, INC. EMPLOYEES SAVINGS PLAN AND TRUST

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