Retirement plan

RICONDO & ASSOCIATES 401(K) PLAN

Name: RICONDO & ASSOCIATES, INC. - RICONDO & ASSOCIATES 401(K) PLAN (2024) Form 5500
Creator: RICONDO & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICONDO & ASSOCIATES 401(K) PLAN, RICONDO & ASSOCIATES, INC.

RICONDO & ASSOCIATES, INC.EIN 36-3663903Plan #001PY 2024

200 N. LASALLE STREET, SUITE 2900 - CHICAGO, IL 60601312-606-0611ricondo.comLinkedIn51-200 employeesairlines/aviation

Other plans on this EIN

1 filing

#002Retirement-$31.3M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$74.1M

+12.2% from 2023

Total participants

236

+1.7% from 2023

Average account balance

$314,125

+8.8% from 2023

Annual return

11.34%

-2.75 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$74.13M

Not enough data

1 years with asset history on file

Average account balance

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

$314K

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.

236

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$499

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO7 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$51,532
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS FINANCIAL SERVICES Service code 15 1 NORTH WACKER DRIVE · CHICAGO, IL 60606	Recordkeeping	$50,000
BAKER TILLY US, LLP4 years Service code 10 · EIN 39-0859910	Accounting	$16,196
MATRIX TRUST COMPANY4 years Service code 18 · EIN 75-3182674	Trustee (directed); Other services; C...	$0
MATRIX TRUST COMPANY3 years Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC Service code 59	Shareholder Servicing	$0
MATRIX TRUST COMPANY3 years Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLP Service code 59 · EIN 33-1151291	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$118K

$701 / participant

Recordkeeping$52K43.8%
Investment mgmt$50K42.5%
Other / not subdivided$16K13.8%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $16,196
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$314,125

$101,317+210.0%

$146,958+113.8%

$74,495+321.7%

Participation rate

100.0%

75.5%+24.5pp

82.2%+17.8pp

67.2%+32.8pp

Annual return

11.34%

8730.91%-8719.6pp

418.34%-407.0pp

1364.94%-1353.6pp

Employer contribution / active EE

$7,618

$3,810+99.9%

$4,933+54.4%

$2,623+190.4%

Participant deferral / active EE

$15,237

$7,303+108.6%

$8,070+88.8%

$4,346+250.6%

Admin fee / account holder

$499

$1,739-71.3%

$12,998-96.2%

$1,942-74.3%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO7 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$51,532

UBS FINANCIAL SERVICES INC10+ years

Filed as: UBS FINANCIAL SERVICES

Service code 15

1 NORTH WACKER DRIVE · CHICAGO, IL 60606

Recordkeeping

$50,000

BAKER TILLY US, LLP4 years

Service code 10 · EIN 39-0859910

Accounting

$16,196

MATRIX TRUST COMPANY4 years

Service code 18 · EIN 75-3182674

Trustee (directed); Other services; C...

MATRIX TRUST COMPANY3 years

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC

Service code 59

Shareholder Servicing

MATRIX TRUST COMPANY3 years

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLP

Service code 59 · EIN 33-1151291

Shareholder Servicing

RICONDO & ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICONDO & ASSOCIATES 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