Retirement plan

THE ROSSI GROUP 401(K) PLAN

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

THE ROSSI GROUP, LLCEIN 27-1727530Plan #001PY 2024

162 WEST STREET SUITE A - CROMWELL, CT 064164405860-632-3505

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$6.8M

+18.6% from 2023

Total participants

300

+7.1% from 2023

Average account balance

$28,233

+7.7% from 2023

Annual return

10.84%

-1.72 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.78M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

240

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$823K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$188

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
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$23,009
UBS FINANCIAL SERVICES INC10+ years Service code 27 · EIN 42-0127290 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$19,696

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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.

Expense breakdown

Schedule H Part II

Admin total

$45K

$184 / participant

Contract admin$45K100.0%

% of EOY assets

0.667%

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: MAHONEY SABOL & COMPANY LLP
Auditor EIN: 061289571
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,233

$78,636-64.1%

$105,607-73.3%

$74,459-62.1%

Participation rate

75.6%

72.8%+2.9pp

75.3%+0.3pp

67.2%+8.4pp

Annual return

10.84%

15.96%-5.1pp

116.11%-105.3pp

1369.70%-1358.9pp

Employer contribution / active EE

$884

$2,523-65.0%

$3,167-72.1%

$2,626-66.3%

Participant deferral / active EE

$2,461

$4,322-43.1%

$5,011-50.9%

$4,350-43.4%

Admin fee / account holder

$188

$2,220-91.5%

$10,958-98.3%

$1,945-90.3%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$23,009

UBS FINANCIAL SERVICES INC10+ years

Service code 27 · EIN 42-0127290

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$19,696

THE ROSSI GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ROSSI GROUP 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