Retirement plan

RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Name: RAPID-LINE, INC. - RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN (2015) Form 5500
Creator: RAPID-LINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN, RAPID-LINE, INC.

RAPID-LINE, INC.EIN 38-2853756Plan #001PY 2015

1475 GEZON PARKWAY SW - GRAND RAPIDS, MI 49509616-530-0061rapid-line.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow fidelity bond

Top hat statement on fileNQDC

Filed April 26, 2016

Plan administrator

Plan administrator name— Sign in and upgrade to view

1475 Gezon Pkwy SW

Grand Rapids State: MI Zip Code: 49509

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Plans declared (2)

Stock Appreciation Rights Plan1 emp
Deferred Compensation Agreement3 emp

Total covered: 4 employees

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Total assets (EOY)

$10.3M

No prior year

Total participants

120

No prior year

Average account balance

$85,975

No prior year

Annual return

140.84%

No prior year

Benchmarks

See 13,685 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort13,685 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.28M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

178

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

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

-15.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL, LLC Service code 55	Other Commissions	$7,988
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,527
RAPID COLOR1+ years Filed as: RAPID-LINE, INC. ESOP Service code 99 1475 GEZON PARKWAY S.W. · GRAND RAPIDS, MI 49509	Other Fees	$4,633
THE W.L. BURMEISTER COMPANY1+ years Filed as: THE W. L. BURMEISTER COMPANY Service code 13	Contract Administrator	$830
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL LLC Service code 55 P.O. BOX 509026 · SAN DIEGO, CA 921509026	Other Commissions	$0
THE W.L. BURMEISTER COMPANY1+ years Service code 13 3358 EAGLE RUN DR., N.E., STE. 3 · GRAND RAPIDS, MI 49525	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2H2J2O2Q2T2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.

Opportunity flags

1 tripped

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

$11K

$142 / participant

Contract admin$5K44.2%
Other / not subdivided$6K55.8%

% of EOY assets

0.109%

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: MILES V. SCHMIDT, CPA, PLC
Auditor EIN: 383581667
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,975

$56,197+53.0%

$67,652+27.1%

$59,633+44.2%

Participation rate

100.0%

71.5%+28.5pp

75.7%+24.3pp

68.7%+31.3pp

Annual return

140.84%

18508.10%-18367.3pp

6625.40%-6484.6pp

2041.45%-1900.6pp

Employer contribution / active EE

$1,463

$1,615-9.4%

$2,266-35.4%

$2,203-33.6%

Participant deferral / active EE

$2,292

$2,844-19.4%

$3,560-35.6%

$3,192-28.2%

Admin fee / account holder

$93

$3,958-97.6%

$4,821-98.1%

$4,297-97.8%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL, LLC

Service code 55

Other Commissions

$7,988

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,527

RAPID COLOR1+ years

Filed as: RAPID-LINE, INC. ESOP

Service code 99

1475 GEZON PARKWAY S.W. · GRAND RAPIDS, MI 49509

Other Fees

$4,633

THE W.L. BURMEISTER COMPANY1+ years

Filed as: THE W. L. BURMEISTER COMPANY

Service code 13

Contract Administrator

$830

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL LLC

Service code 55

P.O. BOX 509026 · SAN DIEGO, CA 921509026

Other Commissions

THE W.L. BURMEISTER COMPANY1+ years

Service code 13

3358 EAGLE RUN DR., N.E., STE. 3 · GRAND RAPIDS, MI 49525

Contract Administrator

RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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