Retirement plan

SILVERTOP ASSOICATES, INC. DBA RASTA IMPOSTA 401(K) PLAN

Name: SILVERTOP ASSOCIATES, INC. DBA RASTA IMPOSTA - SILVERTOP ASSOICATES, INC. DBA RASTA IMPOSTA 401(K) PLAN (2023) Form 5500
Creator: SILVERTOP ASSOCIATES, INC. DBA RASTA IMPOSTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILVERTOP ASSOICATES, INC. DBA RASTA IMPOSTA 401(K) PLAN, SILVERTOP ASSOCIATES, INC. DBA RASTA IMPOSTA

SILVERTOP ASSOCIATES, INC. DBA RASTA IMPOSTAEIN 22-2739349Plan #001PY 2023

600 E. CLEMENTS BRIDGE ROAD - RUNNEMEDE, NJ 080781453856-939-9599

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.8M

+18.5% from 2022

Total participants

-16.0% from 2022

Average account balance

$180,453

+41.0% from 2022

Annual return

16.36%

+32.73 pp from 2022

Benchmarks

See 4,367 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,367 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.30M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

190.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$12K

$1065 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.309%

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

$180,453

$95,601+88.8%

$77,183+133.8%

$139,456+29.4%

Participation rate

100.0%

74.0%+26.0pp

69.6%+30.4pp

80.3%+19.7pp

Annual return

16.36%

54.96%-38.6pp

37.89%-21.5pp

373.45%-357.1pp

Employer contribution / active EE

$2,782

$3,145-11.6%

$2,534+9.8%

$4,753-41.5%

Participant deferral / active EE

$4,428

$4,623-4.2%

$3,833+15.5%

$6,711-34.0%

Admin fee / account holder

$558

$8,302-93.3%

$5,475-89.8%

$11,407-95.1%

SILVERTOP ASSOICATES, INC. DBA RASTA IMPOSTA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILVERTOP ASSOICATES, INC. DBA RASTA IMPOSTA 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