Retirement plan

R & R READY MIX, INC. MONEY PURCHASE PENSION PLAN

Name: R & R READY MIX, INC. - R & R READY MIX, INC. MONEY PURCHASE PENSION PLAN (2018) Form 5500
Creator: R & R READY MIX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R & R READY MIX, INC. MONEY PURCHASE PENSION PLAN, R & R READY MIX, INC.

R & R READY MIX, INC.EIN 38-2233017Plan #001PY 2018

6050 MELBOURNE ROAD - SAGINAW, MI 48604989-753-3862rrreadymix.comLinkedIn11-50 employeesbuilding materials

Other plans on this EIN

2 filings

#005Retirement-$3.8M assets #004Retirement-$1.1M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

-18.9% from 2017

Total participants

+10.7% from 2017

Average account balance

$60,959

-26.7% from 2017

Annual return

-3.17%

-19.37 pp from 2017

Benchmarks

See 3,617 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,617 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.54M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

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.

120.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3431

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$452K

$15587 / participant

Other / not subdivided$452K100.0%

% of EOY assets

23.919%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,959

$49,280+23.7%

$67,313-9.4%

$64,173-5.0%

Participation rate

100.0%

60.8%+39.2pp

69.1%+30.9pp

69.6%+30.4pp

Annual return

-3.17%

-1.39%-1.8pp

-4.08%+0.9pp

7.63%-10.8pp

Employer contribution / active EE

$2,956

$1,668+77.2%

$2,566+15.2%

$2,381+24.2%

Participant deferral / active EE

$2,484-100.0%

$3,568-100.0%

$3,470-100.0%

Admin fee / account holder

$14,581

$3,863+277.5%

$4,507+223.5%

$4,887+198.3%

R & R READY MIX, INC. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R & R READY MIX, INC. MONEY PURCHASE PENSION 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