Retirement plan

REED CITY GROUP, LLC 401(K) PLAN

Name: REED CITY GROUP, LLC - REED CITY GROUP, LLC 401(K) PLAN (2024) Form 5500
Creator: REED CITY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REED CITY GROUP, LLC 401(K) PLAN, REED CITY GROUP, LLC

REED CITY GROUP, LLCEIN 27-1173056Plan #001PY 2024

603 E. CHURCH STREET - REED CITY, MI 49677231-832-7500reedcitygroup.comLinkedIn51-200 employeesplastics

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.3M

+21.9% from 2023

Total participants

200

+6.4% from 2023

Average account balance

$45,347

+18.9% from 2023

Annual return

14.24%

-11.54 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.30M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

161

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$854K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 2 by compensation

Provider	Service type	Compensation
NEWSQUARE CAPITAL, LLC4 years Service code 28 · EIN 27-1238163	Investment Management	$22,247
PCS RETIREMENT, LLC4 years Service code 12 · EIN 23-3038464	Claims processing; Recordkeeping and ...	$16,799

Plan features & details

Pension benefit codes2E2F2G2J2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$250 / participant

Investment mgmt$28K62.7%
Contract admin$17K37.3%

% of EOY assets

0.617%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP.
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,347

$79,209-42.7%

$102,434-55.7%

$74,459-39.1%

Participation rate

78.3%

74.8%+3.6pp

76.5%+1.8pp

67.2%+11.1pp

Annual return

14.24%

54.98%-40.7pp

29.46%-15.2pp

1369.70%-1355.5pp

Employer contribution / active EE

$1,775

$2,362-24.9%

$3,023-41.3%

$2,626-32.4%

Participant deferral / active EE

$2,968

$4,417-32.8%

$5,055-41.3%

$4,350-31.8%

Admin fee / account holder

$280

$2,002-86.0%

$9,462-97.0%

$1,945-85.6%

Provider

Service type

Compensation

NEWSQUARE CAPITAL, LLC4 years

Service code 28 · EIN 27-1238163

Investment Management

$22,247

PCS RETIREMENT, LLC4 years

Service code 12 · EIN 23-3038464

Claims processing; Recordkeeping and ...

$16,799

REED CITY GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REED CITY GROUP, LLC 401(K) PLAN

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