Retirement plan

RICOH USA, INC. RETIREMENT SAVINGS PLAN

Name: RICOH USA, INC. - RICOH USA, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: RICOH USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICOH USA, INC. RETIREMENT SAVINGS PLAN, RICOH USA, INC.

RICOH USA, INC.EIN 23-0334400Plan #099PY 2023

300 EAGLEVIEW BOULEVARD, SUITE 200 - EXTON, PA 19341610-296-8000ricoh-usa.comLinkedIn10001+ employeesinformation technology and services

Other plans on this EIN

2 filings

#014Retirement-$399.3M assets #002Retirement-$165.8M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 9, 2000 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2068M

+11.4% from 2022

Total participants

17,765

-4.5% from 2022

Average account balance

$143,648

+16.9% from 2022

Annual return

16.68%

+33.56 pp from 2022

Benchmarks

See 39 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort39 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17B

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

13,400

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INSTITUTIONAL ASSET MGT Service code 15 · EIN 04-3532603	Recordkeeping	$581,924
NORTHERN TRUST COMPANY7 years Filed as: NORTHERN TRUST Service code 21 80 SOUTH EIGHTH STREET · MINNEAPOLIS, MN 55402	Bank Trustee	$201,490
MERCER3 years Service code 28 · EIN 61-0736136	Investment Management	$127,813
GRANT THORNTON LLP1 year Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$26,500
AON CONSULTING9+ years Filed as: AON CONSULTING INC Service code 16 · EIN 22-2232264	Consulting	$20,148
BALLARD SPAHR LLP9+ years Filed as: BALLARD SPAHR Service code 29 · EIN 23-0382195	Legal	$11,651

Plan features & details

Pension benefit codes2D2E2F2J2K2T3H

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$90 / participant

Recordkeeping$564K49.6%
Trustee / custodial$136K11.9%
Investment mgmt$374K32.8%
Legal$12K1.0%
Contract admin$23K2.1%
Other / not subdivided$29K2.6%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: $26,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,648

$88,686+62.0%

$130,045+10.5%

$96,393+49.0%

Participation rate

73.4%

78.8%-5.5pp

78.5%-5.1pp

71.3%+2.1pp

Annual return

16.68%

17.57%-0.9pp

-137.30%+154.0pp

22.88%-6.2pp

Employer contribution / active EE

$2,253

$2,843-20.8%

$4,321-47.9%

$3,239-30.4%

Participant deferral / active EE

$5,866

$4,908+19.5%

$5,820+0.8%

$5,455+7.5%

Admin fee / account holder

$79

$60+32.3%

$10,600-99.3%

$74+7.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INSTITUTIONAL ASSET MGT

Service code 15 · EIN 04-3532603

Recordkeeping

$581,924

NORTHERN TRUST COMPANY7 years

Filed as: NORTHERN TRUST

Service code 21

80 SOUTH EIGHTH STREET · MINNEAPOLIS, MN 55402

Bank Trustee

$201,490

MERCER3 years

Service code 28 · EIN 61-0736136

Investment Management

$127,813

GRANT THORNTON LLP1 year

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$26,500

AON CONSULTING9+ years

Filed as: AON CONSULTING INC

Service code 16 · EIN 22-2232264

Consulting

$20,148

BALLARD SPAHR LLP9+ years

Filed as: BALLARD SPAHR

Service code 29 · EIN 23-0382195

Legal

$11,651

RICOH USA, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICOH USA, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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