Retirement plan

RIPON AWARDJACKETS, INC. 401(K) SAVINGS PLAN

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

RIPON AWARDJACKETS, INC.EIN 39-1308323Plan #001PY 2021

290 JUNCTION - BERLIN, WI 54923920-361-1500LinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

+11.8% from 2020

Total participants

143

-0.7% from 2020

Average account balance

$65,803

+9.3% from 2020

Annual return

12.28%

+0.34 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.09M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

113

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.

86.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$501K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$511

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
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$57,936
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA INVESTMENT ADVISORS LLC Service code 27 · EIN 36-3258176	Advisory (Plan)	$8,535
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$8,404
AMERIPRISE FINANCIAL SERVICES INC1 year Service code 49 · EIN 41-0973005	Other Services	$6,550
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILLSHIRE ASSOCIATES INCORPORATED Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

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

$58K

$487 / participant

Contract admin$58K100.0%

% of EOY assets

0.667%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,803

$84,936-22.5%

$111,308-40.9%

$79,391-17.1%

Participation rate

90.8%

75.9%+14.9pp

77.3%+13.4pp

70.7%+20.0pp

Annual return

12.28%

17.45%-5.2pp

54.67%-42.4pp

116.88%-104.6pp

Employer contribution / active EE

$678

$1,979-65.7%

$2,732-75.2%

$2,428-72.1%

Participant deferral / active EE

$2,662

$3,888-31.5%

$4,487-40.7%

$4,046-34.2%

Admin fee / account holder

$439

$537-18.3%

$7,965-94.5%

$627-29.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$57,936

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA INVESTMENT ADVISORS LLC

Service code 27 · EIN 36-3258176

Advisory (Plan)

$8,535

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$8,404

AMERIPRISE FINANCIAL SERVICES INC1 year

Service code 49 · EIN 41-0973005

Other Services

$6,550

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILLSHIRE ASSOCIATES INCORPORATED

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED7+ years

Service code 27

Advisory (Plan)

RIPON AWARDJACKETS, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIPON AWARDJACKETS, INC. 401(K) SAVINGS 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