Retirement plan

RUSS RESTAURANTS SAVINGS AND RETIREMENT PLAN

Name: RUSS OF HOLLAND, INC. - RUSS RESTAURANTS SAVINGS AND RETIREMENT PLAN (2018) Form 5500
Creator: RUSS OF HOLLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUSS RESTAURANTS SAVINGS AND RETIREMENT PLAN, RUSS OF HOLLAND, INC.

RUSS OF HOLLAND, INC.EIN 38-1776905Plan #001PY 2018

390 EAST 8TH STREET - HOLLAND, MI 49423800-521-1778

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.6M

-6.8% from 2017

Total participants

239

-12.1% from 2017

Average account balance

$48,438

-5.6% from 2017

Annual return

-5.73%

-18.13 pp from 2017

Benchmarks

See 864 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort864 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.93M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

149

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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
FIFTH THIRD BANK RETIREMENT SERVICE4+ years Service code 26 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Advisory (Participants)	$40,404
HUNGERFORD NICHOLS1 year Filed as: HUNGERFORD ALDRIN NICHOLS & CARTER Service code 10 2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546	Accounting	$9,400

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3B

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$55K

$255 / participant

Investment mgmt$15K26.7%
Contract admin$35K64.7%
Other / not subdivided$5K8.7%

% of EOY assets

0.717%

all-in expense ratio

Categories reported

2 / 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: HUNGERFORD NICHOLS
Auditor EIN: 382184825
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,438

$28,109+72.3%

$71,086-31.9%

$56,287-13.9%

Participation rate

61.7%

40.4%+21.3pp

54.7%+7.0pp

69.9%-8.2pp

Annual return

-5.73%

-615.05%+609.3pp

650.59%-656.3pp

-9.96%+4.2pp

Employer contribution / active EE

$282

$558-49.5%

$1,088-74.1%

$2,111-86.7%

Participant deferral / active EE

$1,477

$1,116+32.4%

$1,874-21.2%

$3,350-55.9%

Admin fee / account holder

$347

$585-40.6%

$3,082-88.7%

$521-33.3%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE4+ years

Service code 26

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Advisory (Participants)

$40,404

HUNGERFORD NICHOLS1 year

Filed as: HUNGERFORD ALDRIN NICHOLS & CARTER

Service code 10

2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546

Accounting

$9,400

RUSS RESTAURANTS SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUSS RESTAURANTS SAVINGS AND RETIREMENT 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