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 (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

+12.8% from 2022

Total participants

217

+10.2% from 2022

Average account balance

$43,363

+1.9% from 2022

Annual return

16.07%

+31.10 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WILMINGTON TRUST4 years Filed as: WILMINGTON TRUST NAT'L ASSOCIATION Service code 22 1100 N MARKET ST · WILMINGTON, DE 19890	Insurance Broker	$21,471
NATIONWIDE9+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$16,970
SMITH ELLIOTT KEARNS & COMPANY LLC9+ years Service code 13 · EIN 52-0783935	Contract Administrator	$13,738

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$270 / participant

Recordkeeping$14K26.3%
Investment mgmt$21K41.1%
Contract admin$17K32.5%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

3 / 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

$43,363

$83,045-47.8%

$130,045-66.7%

$71,511-39.4%

Participation rate

100.0%

74.1%+25.9pp

78.5%+21.5pp

67.9%+32.1pp

Annual return

16.07%

20.61%-4.5pp

-137.30%+153.4pp

28.86%-12.8pp

Employer contribution / active EE

$933

$2,623-64.4%

$4,321-78.4%

$2,589-64.0%

Participant deferral / active EE

$3,526

$4,436-20.5%

$5,820-39.4%

$4,291-17.8%

Admin fee / account holder

$240

$1,727-86.1%

$10,600-97.7%

$1,588-84.9%

Provider

Service type

Compensation

WILMINGTON TRUST4 years

Filed as: WILMINGTON TRUST NAT'L ASSOCIATION

Service code 22

1100 N MARKET ST · WILMINGTON, DE 19890

Insurance Broker

$21,471

NATIONWIDE9+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$16,970

SMITH ELLIOTT KEARNS & COMPANY LLC9+ years

Service code 13 · EIN 52-0783935

Contract Administrator

$13,738

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