Retirement plan

RAYMOND OF NEW JERSEY LLC EMPLOYEE RETIREMENT & SAVINGS PLAN

Name: RAYMOND OF NEW JERSEY LLC - RAYMOND OF NEW JERSEY LLC EMPLOYEE RETIREMENT & SAVINGS PLAN (2020) Form 5500
Creator: RAYMOND OF NEW JERSEY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAYMOND OF NEW JERSEY LLC EMPLOYEE RETIREMENT & SAVINGS PLAN, RAYMOND OF NEW JERSEY LLC

RAYMOND OF NEW JERSEY LLCEIN 22-3660795Plan #001PY 2020

1000 BRIGHTON ST - UNION, NJ 070836805908-624-9570raymond-nj.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.5M

+10.9% from 2019

Total participants

174

-7.0% from 2019

Average account balance

$69,457

+19.8% from 2019

Annual return

15.39%

-6.26 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.17M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

129

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.

65.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$986K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$467

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$20,519
WORKPLACE BENEFITS, INC.6+ years Service code 49 · EIN 22-3719429	Other Services	$4,658

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$128 / participant

Contract admin$21K100.0%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

1 / 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: RIZICK & RIZICK CPAS LLC
Auditor EIN: 261382761
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,457

$66,124+5.0%

$90,440-23.2%

$73,493-5.5%

Participation rate

76.9%

69.7%+7.2pp

72.7%+4.2pp

70.7%+6.2pp

Annual return

15.39%

17.65%-2.3pp

1294.38%-1279.0pp

28.51%-13.1pp

Employer contribution / active EE

$1,033

$2,346-56.0%

$3,263-68.4%

$2,270-54.5%

Participant deferral / active EE

$4,220

$3,039+38.9%

$3,964+6.5%

$3,740+12.8%

Admin fee / account holder

$150

$396-62.2%

$5,615-97.3%

$513-70.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$20,519

WORKPLACE BENEFITS, INC.6+ years

Service code 49 · EIN 22-3719429

Other Services

$4,658

RAYMOND OF NEW JERSEY LLC EMPLOYEE RETIREMENT & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAYMOND OF NEW JERSEY LLC EMPLOYEE RETIREMENT & 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