Retirement plan

REV GROUP, INC. 401(K) RETIREMENT PLAN

Name: REV GROUP - REV GROUP, INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: REV GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REV GROUP, INC. 401(K) RETIREMENT PLAN, REV GROUP

REV GROUPEIN 26-3013415Plan #001PY 2021

245 S. EXECUTIVE DRIVE, SUITE 380 - BROOKFIELD, WI 53005414-290-0100revgroup.comLinkedIn5001-10000 employeesautomotive

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 5, 2013

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)

$362.6M

-11.9% from 2016

Total participants

8,268

-5.0% from 2016

Average account balance

$60,418

-6.4% from 2016

Annual return

12.53%

-0.52 pp from 2016

Benchmarks

See 127 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort127 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$349.59M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

5,128

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.

66.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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 10 of 19 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$237,727
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$126,301
LOCKTON INVESTMENT ADVISORS, LLC3 years Service code 16 · EIN 20-8874282	Consulting	$33,333
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: MIDWEST SERIES OF LOCKTON COMPANIE Service code 16 · EIN 20-5846369	Consulting	$33,333
BDO USA, LLP4 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590	Accounting	$32,000
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,682
ALLSPRING1 year Service code 52 · EIN 45-7019649	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2J2F2G2K3D2T2E

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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$471K

$69 / participant

Investment mgmt$9K1.8%
Other / not subdivided$463K98.2%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,418

$134,619-55.1%

$111,319-45.7%

$101,555-40.5%

Participation rate

66.9%

89.0%-22.1pp

77.3%-10.4pp

74.5%-7.6pp

Annual return

12.53%

17.96%-5.4pp

54.68%-42.1pp

21.00%-8.5pp

Employer contribution / active EE

$1,467

$3,829-61.7%

$2,732-46.3%

$2,972-50.6%

Participant deferral / active EE

$3,064

$6,572-53.4%

$4,488-31.7%

$4,874-37.1%

Admin fee / account holder

$79

$86-9.0%

$7,966-99.0%

$139-43.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$237,727

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$126,301

LOCKTON INVESTMENT ADVISORS, LLC3 years

Service code 16 · EIN 20-8874282

Consulting

$33,333

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: MIDWEST SERIES OF LOCKTON COMPANIE

Service code 16 · EIN 20-5846369

Consulting

$33,333

BDO USA, LLP4 years

Filed as: BDO USA LLP

Service code 10 · EIN 13-5381590

Accounting

$32,000

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,682

ALLSPRING1 year

Service code 52 · EIN 45-7019649

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-3151768

Indirect Investment Fees

REV GROUP, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REV GROUP, INC. 401(K) RETIREMENT 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