Retirement plan

ROYAL INGREDIENTS GROUP USA, INC. EMPLOYEE SAVINGS PLAN & TRUST

Name: ROYAL INGREDIENTS GROUP USA, INC. - ROYAL INGREDIENTS GROUP USA, INC. EMPLOYEE SAVINGS PLAN & TRUST (2022) Form 5500
Creator: ROYAL INGREDIENTS GROUP USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL INGREDIENTS GROUP USA, INC. EMPLOYEE SAVINGS PLAN & TRUST, ROYAL INGREDIENTS GROUP USA, INC.

ROYAL INGREDIENTS GROUP USA, INC.EIN 26-3069899Plan #001PY 2022

311 WEST SUPERIOR STREET, SUITE 209 - CHICAGO, IL 60654312-800-3134LinkedIn11-50 employeesfood production

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$42K

+68.3% from 2021

Total participants

0.0% from 2021

Average account balance

$6,043

-3.8% from 2021

Annual return

-27.86%

-27.86 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$132K

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2183

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 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 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.

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

$6,043

$142,392-95.8%

$119,622-94.9%

$134,532-95.5%

Participation rate

87.5%

82.8%+4.7pp

79.3%+8.2pp

81.2%+6.3pp

Annual return

-27.86%

-12.46%-15.4pp

-14.98%-12.9pp

418.27%-446.1pp

Employer contribution / active EE

$5,224-100.0%

$4,232-100.0%

$4,741-100.0%

Participant deferral / active EE

$3,021

$6,467-53.3%

$5,601-46.1%

$6,401-52.8%

Admin fee / account holder

$13,593-100.0%

$10,328-100.0%

$11,429-100.0%

ROYAL INGREDIENTS GROUP USA, INC. EMPLOYEE SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ROYAL INGREDIENTS GROUP USA, INC. EMPLOYEE SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion