Retirement plan

RIDGE CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: RIDGE CORPORATION - RIDGE CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: RIDGE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIDGE CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, RIDGE CORPORATION

RIDGE CORPORATIONEIN 31-1399268Plan #001PY 2020

1201 ETNA PARKWAY - PATASKALA, OH 43062614-421-7434ridgecorp.comLinkedIn51-200 employeesplastics

Prospect flagsHigh feesLow participationLow assets / participantLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.3M

+37.6% from 2019

Total participants

210

+16.0% from 2019

Average account balance

$18,233

-1.2% from 2019

Annual return

17.87%

-11.03 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.50M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

158

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.

50.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$17,585
VORYS, SATER, SEYMOUR & PEASE1 year Filed as: VORYS SATER SEYMOUR AND PEASE LLP Service code 29 · EIN 31-4333125	Legal	$13,330
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL INVESTEMENT Service code 22	Insurance Broker	$10,769
GBQ PARTNERS1 year Filed as: GBQ PARTNERS LLC Service code 10 · EIN 20-2122306	Accounting	$6,500
CREATIVE RETIREMENT SYSTEMS, INC.2 years Filed as: CREATIVE RETIREMENT SYSTEMS, INC Service code 15 · EIN 31-1299207	Recordkeeping	$5,475
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL INVESTMENT Service code 22 · EIN 52-2114207	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$43K

$265 / participant

Other / not subdivided$43K100.0%

% of EOY assets

1.897%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GBQ PARTNERS LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,233

$73,638-75.2%

$95,960-81.0%

$73,493-75.2%

Participation rate

46.9%

76.2%-29.2pp

77.1%-30.2pp

70.7%-23.8pp

Annual return

17.87%

16.78%+1.1pp

91.63%-73.8pp

28.51%-10.6pp

Employer contribution / active EE

$1,245

$1,863-33.2%

$2,541-51.0%

$2,270-45.2%

Participant deferral / active EE

$1,676

$3,617-53.7%

$4,167-59.8%

$3,740-55.2%

Admin fee / account holder

$346

$482-28.3%

$6,797-94.9%

$513-32.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$17,585

VORYS, SATER, SEYMOUR & PEASE1 year

Filed as: VORYS SATER SEYMOUR AND PEASE LLP

Service code 29 · EIN 31-4333125

Legal

$13,330

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL INVESTEMENT

Service code 22

Insurance Broker

$10,769

GBQ PARTNERS1 year

Filed as: GBQ PARTNERS LLC

Service code 10 · EIN 20-2122306

Accounting

$6,500

CREATIVE RETIREMENT SYSTEMS, INC.2 years

Filed as: CREATIVE RETIREMENT SYSTEMS, INC

Service code 15 · EIN 31-1299207

Recordkeeping

$5,475

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL INVESTMENT

Service code 22 · EIN 52-2114207

Insurance Broker

RIDGE CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIDGE CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

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