Retirement plan

R F FAGER COMPANY 401K PROFIT SHARING PLAN AND TRUST

Name: R F FAGER COMPANY - R F FAGER COMPANY 401K PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: R F FAGER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R F FAGER COMPANY 401K PROFIT SHARING PLAN AND TRUST, R F FAGER COMPANY

R F FAGER COMPANYEIN 23-1937230Plan #002PY 2021

2058 STATE ROAD - CAMP HILL, PA 17011717-761-0660

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.2M

+5.2% from 2020

Total participants

186

+3.9% from 2020

Average account balance

$54,907

+1.2% from 2020

Annual return

11.32%

-2.88 pp from 2020

Benchmarks

See 2,250 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,250 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.62M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

239

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$905K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$26,734
WILMINGTON TRUST2 years Filed as: WILMINGTON TRUST NAT'L ASSOCIATION Service code 22 1100 N MARKET ST · WILMINGTON, DE 19890	Insurance Broker	$25,082
SMITH ELLIOTT KEARNS & COMPANY LLC7+ years Service code 13 · EIN 52-0783935	Contract Administrator	$13,489

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$403 / participant

Investment mgmt$25K38.4%
Contract admin$27K40.9%
Other / not subdivided$13K20.7%

% of EOY assets

0.643%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCKONLY AND ASBURY LLP
Auditor EIN: 231909723
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,907

$93,182-41.1%

$146,685-62.6%

$79,393-30.8%

Participation rate

99.4%

76.4%+22.9pp

80.1%+19.3pp

70.7%+28.7pp

Annual return

11.32%

21.61%-10.3pp

22.75%-11.4pp

116.87%-105.6pp

Employer contribution / active EE

$1,049

$2,420-56.6%

$4,137-74.6%

$2,428-56.8%

Participant deferral / active EE

$3,710

$4,169-11.0%

$5,507-32.6%

$4,046-8.3%

Admin fee / account holder

$353

$585-39.7%

$10,281-96.6%

$627-43.7%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$26,734

WILMINGTON TRUST2 years

Filed as: WILMINGTON TRUST NAT'L ASSOCIATION

Service code 22

1100 N MARKET ST · WILMINGTON, DE 19890

Insurance Broker

$25,082

SMITH ELLIOTT KEARNS & COMPANY LLC7+ years

Service code 13 · EIN 52-0783935

Contract Administrator

$13,489

R F FAGER COMPANY 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R F FAGER COMPANY 401K PROFIT SHARING PLAN AND TRUST

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