Retirement plan

THE ROMINE GROUP, INC. 401(K) PLAN

Name: THE ROMINE GROUP - THE ROMINE GROUP, INC. 401(K) PLAN (2022) Form 5500
Creator: THE ROMINE GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ROMINE GROUP, INC. 401(K) PLAN, THE ROMINE GROUP

THE ROMINE GROUPEIN 32-0015643Plan #001PY 2022

7877 STEAD - UTICA, MI 48317586-731-5300

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$23.7M

+6.7% from 2021

Total participants

1,256

+27.5% from 2021

Average account balance

$21,855

-22.5% from 2021

Annual return

2.68%

-29.22 pp from 2021

Benchmarks

See 958 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort958 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.40M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

1,576

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.

99.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.90M

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

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 4 by compensation

Provider	Service type	Compensation
BARCLAY PLANNING GROUP7+ years Filed as: BARCLAY PLANNING GROUP, LLC Service code 14 · EIN 38-3466149	Plan Administrator	$63,660
BARCLAY PLANNING GROUP1 year Filed as: BARCLAY PLANNING GROUP LLC Service code 49	Other Services	$11,861
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$6,193
MORNINGSTAR6 years Service code 27	Advisory (Plan)	$3,890

Plan features & details

Pension benefit codes2E2J2K2G3D2F2T

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$22K

$22 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.092%

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: BENDA, GRACE, STULTZ & COMPANY, PC
Auditor EIN: 382284921
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,855

$79,151-72.4%

$60,919-64.1%

$64,824-66.3%

Participation rate

83.0%

77.7%+5.3pp

73.1%+9.9pp

71.5%+11.5pp

Annual return

2.68%

-7.12%+9.8pp

16.96%-14.3pp

32.84%-30.2pp

Employer contribution / active EE

$1,608

$3,052-47.3%

$2,704-40.5%

$2,507-35.8%

Participant deferral / active EE

$1,611

$3,727-56.8%

$3,814-57.8%

$4,311-62.6%

Admin fee / account holder

$20

$106-80.9%

$3,228-99.4%

$188-89.3%

Provider

Service type

Compensation

BARCLAY PLANNING GROUP7+ years

Filed as: BARCLAY PLANNING GROUP, LLC

Service code 14 · EIN 38-3466149

Plan Administrator

$63,660

BARCLAY PLANNING GROUP1 year

Filed as: BARCLAY PLANNING GROUP LLC

Service code 49

Other Services

$11,861

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$6,193

MORNINGSTAR6 years

Service code 27

Advisory (Plan)

$3,890

THE ROMINE GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ROMINE GROUP, INC. 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