Retirement plan

DEFERRED SAVINGS PLAN-RESCO EAST CANTON UNION EMPLOYEES

Name: RESCO PRODUCTS, INC. - DEFERRED SAVINGS PLAN-RESCO EAST CANTON UNION EMPLOYEES (2019) Form 5500
Creator: RESCO PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEFERRED SAVINGS PLAN-RESCO EAST CANTON UNION EMPLOYEES, RESCO PRODUCTS, INC.

RESCO PRODUCTS, INC.EIN 23-1279448Plan #009PY 2019

ONE ROBINSON PLAZA SUITE 300, 6600 STEUBENVILLE PIKE - PITTSBURGH, PA 15205412-294-1069

Other plans on this EIN

6 filings

#001Retirement-$35.4M assets #027Retirement-$6.9M assets #025Retirement-$6.4M assets #005Retirement-$277K assets #007Retirement-$228K assets #006Retirement-$49K assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.4M

+21.5% from 2018

Total participants

-15.3% from 2018

Average account balance

$38,656

+37.2% from 2018

Annual return

20.45%

+25.25 pp from 2018

Benchmarks

See 5,808 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,808 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-98.32%

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 codes2E3D2G2J2F2T

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$96K

$2048 / participant

Other / not subdivided$96K100.0%

% of EOY assets

4.016%

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

$38,656

$76,367-49.4%

$93,614-58.7%

$72,983-47.0%

Participation rate

78.7%

71.7%+7.0pp

75.8%+2.9pp

69.5%+9.2pp

Annual return

20.45%

25.82%-5.4pp

32.76%-12.3pp

81.01%-60.6pp

Employer contribution / active EE

$1,490

$2,275-34.5%

$2,718-45.2%

$2,440-38.9%

Participant deferral / active EE

$776

$3,538-78.1%

$4,069-80.9%

$3,608-78.5%

Admin fee / account holder

$1,552

$6,838-77.3%

$7,889-80.3%

$5,124-69.7%

DEFERRED SAVINGS PLAN-RESCO EAST CANTON UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEFERRED SAVINGS PLAN-RESCO EAST CANTON UNION EMPLOYEES

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