Retirement plan

EMPLOYEE BENEFIT PLAN OF RAINBOW RESOURCE CENTER, INC.

Name: RAINBOW RESOURCE CENTER, INC. - EMPLOYEE BENEFIT PLAN OF RAINBOW RESOURCE CENTER, INC. (2020) Form 5500
Creator: RAINBOW RESOURCE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF RAINBOW RESOURCE CENTER, INC., RAINBOW RESOURCE CENTER, INC.

RAINBOW RESOURCE CENTER, INC.EIN 27-0039043Plan #001PY 2020

655 TOWNSHIP ROAD 500 E - TOULON, IL 614838945309-695-3200rainbowresource.comLinkedIn11-50 employeesretail

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

+21.8% from 2019

Total participants

+5.5% from 2019

Average account balance

$74,268

+15.4% from 2019

Annual return

18.22%

-24.70 pp from 2019

Benchmarks

See 2,022 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,022 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.60M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

124.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$470K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4116

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 codes2F2G2T3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$129K

$2220 / participant

Other / not subdivided$129K100.0%

% of EOY assets

2.282%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$74,268

$63,861+16.3%

$104,614-29.0%

$79,858-7.0%

Participation rate

98.3%

64.9%+33.4pp

74.1%+24.2pp

69.6%+28.6pp

Annual return

18.22%

21.30%-3.1pp

340.56%-322.3pp

31.72%-13.5pp

Employer contribution / active EE

$1,877

$1,588+18.2%

$2,681-30.0%

$2,471-24.0%

Participant deferral / active EE

$3,224

$2,693+19.7%

$3,739-13.8%

$3,740-13.8%

Admin fee / account holder

$1,694

$4,185-59.5%

$6,464-73.8%

$5,306-68.1%

EMPLOYEE BENEFIT PLAN OF RAINBOW RESOURCE CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF RAINBOW RESOURCE CENTER, INC.

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