Retirement plan

REDI-DIRECT MARKETING, INC. 401(K) SAVINGS PLAN

Name: REDI-DIRECT MARKETING, INC. - REDI-DIRECT MARKETING, INC. 401(K) SAVINGS PLAN (2022) Form 5500
Creator: REDI-DIRECT MARKETING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REDI-DIRECT MARKETING, INC. 401(K) SAVINGS PLAN, REDI-DIRECT MARKETING, INC.

REDI-DIRECT MARKETING, INC.EIN 22-3101982Plan #001PY 2022

107 LITTLE FALLS ROAD - FAIRFIELD, NJ 07004973-808-4500redidirect.comLinkedIn501-1000 employeescomputer software

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$16.4M

-17.8% from 2021

Total participants

193

+7.8% from 2021

Average account balance

$102,328

-19.8% from 2021

Annual return

-17.27%

-30.92 pp from 2021

Benchmarks

See 542 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort542 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.69M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

148

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$713K

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

+13.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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
GRAMKOW, CARNEVALE, SEIFERT & CO3+ years Filed as: GRAMKOW CARNEVALE AND SEIFERT Service code 99 · EIN 22-2000222	Other Fees	$13,800
ASSOCIATED PENSION CONSULTANTS1 year Filed as: ASSOCIATED PENSION CONSULTANTS INC. Service code 49	Other Services	$8,861
ASSOCIATED PENSION CONSULTANTS2 years Filed as: ASSOCIATED PENSION CONSULTANTS INC Service code 49 401 BROADHOLLOW ROAD, SUITE 403 · MELLVILLE, NY 11747	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2F3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$148 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRASSI & CO, CPAS, P.C.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,328

$83,427+22.7%

$115,756-11.6%

$68,490+49.4%

Participation rate

66.3%

71.9%-5.6pp

77.1%-10.8pp

67.9%-1.6pp

Annual return

-17.27%

-10.95%-6.3pp

143.14%-160.4pp

-7.85%-9.4pp

Employer contribution / active EE

$573

$3,075-81.4%

$3,793-84.9%

$2,597-77.9%

Participant deferral / active EE

$5,834

$5,355+8.9%

$6,254-6.7%

$4,028+44.9%

Admin fee / account holder

$90

$5,708-98.4%

$8,124-98.9%

$5,403-98.3%

Provider

Service type

Compensation

GRAMKOW, CARNEVALE, SEIFERT & CO3+ years

Filed as: GRAMKOW CARNEVALE AND SEIFERT

Service code 99 · EIN 22-2000222

Other Fees

$13,800

ASSOCIATED PENSION CONSULTANTS1 year

Filed as: ASSOCIATED PENSION CONSULTANTS INC.

Service code 49

Other Services

$8,861

ASSOCIATED PENSION CONSULTANTS2 years

Filed as: ASSOCIATED PENSION CONSULTANTS INC

Service code 49

401 BROADHOLLOW ROAD, SUITE 403 · MELLVILLE, NY 11747

Other Services

REDI-DIRECT MARKETING, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REDI-DIRECT MARKETING, INC. 401(K) SAVINGS 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