Retirement plan

ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Name: ROMEO-RIM, INC. - ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT PLAN (2021) Form 5500
Creator: ROMEO-RIM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT PLAN, ROMEO-RIM, INC.

ROMEO-RIM, INC.EIN 38-2438198Plan #003PY 2021

74000 VAN DYKE RD - ROMEO, MI 480653208586-336-5800romeorim.comLinkedIn51-200 employeesplastics

Other plans on this EIN

1 filing

#002Retirement-$8.7M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

+14.0% from 2020

Total participants

177

+7.9% from 2020

Average account balance

$34,235

+4.7% from 2020

Annual return

12.90%

-1.36 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

124

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$587K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$443

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$24,477
CAPFINANCIAL PARTNERS LLC7+ years Service code 27 4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$8,938
CBIZ RETIREMENT PLAN SERVICES6 years Filed as: CBIZ BENEFITS & INS SERVICES Service code 13 28126 NETWORK PLACE · CHICAGO, IL 606731281	Contract Administrator	$5,053
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Investment Management	$4,655

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$383 / participant

Contract admin$38K100.0%

% of EOY assets

0.698%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,235

$79,438-56.9%

$106,551-67.9%

$79,393-56.9%

Participation rate

83.0%

74.2%+8.8pp

76.1%+6.9pp

70.7%+12.3pp

Annual return

12.90%

18.27%-5.4pp

26.80%-13.9pp

116.87%-104.0pp

Employer contribution / active EE

$2,235-100.0%

$2,819-100.0%

$2,428-100.0%

Participant deferral / active EE

$3,555

$3,824-7.0%

$4,398-19.2%

$4,046-12.1%

Admin fee / account holder

$239

$523-54.3%

$7,408-96.8%

$627-61.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$24,477

CAPFINANCIAL PARTNERS LLC7+ years

Service code 27

4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$8,938

CBIZ RETIREMENT PLAN SERVICES6 years

Filed as: CBIZ BENEFITS & INS SERVICES

Service code 13

28126 NETWORK PLACE · CHICAGO, IL 606731281

Contract Administrator

$5,053

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Investment Management

$4,655

ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT 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