Retirement plan

RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: RICHMOND AREA MULTI-SERVICES, INC. - RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: RICHMOND AREA MULTI-SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST, RICHMOND AREA MULTI-SERVICES, INC.

RICHMOND AREA MULTI-SERVICES, INC.EIN 23-7389436Plan #001PY 2019

4355 GEARY BOULEVARD - SAN FRANCISCO, CA 94118415-800-0699ramsinc.blogspot.comLinkedIn501-1000 employeesmental health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

+44.3% from 2018

Total participants

367

-39.9% from 2018

Average account balance

$21,330

-2.3% from 2018

Annual return

21.46%

+26.64 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.65M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

422

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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
KARP CAPITAL MANAGEMENT1 year Service code 27 2269 CHESTNUT ST STE 308 · SAN FRANCISCO, CA 94123	Advisory (Plan)	$1,483
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$23 / participant

Investment mgmt$1K18.6%
Contract admin$6K81.4%

% of EOY assets

0.602%

all-in expense ratio

Categories reported

2 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,330

$62,928-66.1%

$172,752-87.7%

$67,579-68.4%

Participation rate

13.6%

64.5%-50.9pp

82.6%-69.0pp

71.3%-57.7pp

Annual return

21.46%

30.36%-8.9pp

802.97%-781.5pp

378.56%-357.1pp

Employer contribution / active EE

$1,636-100.0%

$5,144-100.0%

$2,148-100.0%

Participant deferral / active EE

$787

$2,145-63.3%

$5,198-84.9%

$3,539-77.8%

Admin fee / account holder

$128

$167-23.0%

$13,955-99.1%

$142-9.8%

Provider

Service type

Compensation

KARP CAPITAL MANAGEMENT1 year

Service code 27

2269 CHESTNUT ST STE 308 · SAN FRANCISCO, CA 94123

Advisory (Plan)

$1,483

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & 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