Retirement plan

RYAN INCORPORATED CENTRAL PROFIT SHARING AND 401(K) PLAN

Name: RYAN INCORPORATED CENTRAL - RYAN INCORPORATED CENTRAL PROFIT SHARING AND 401(K) PLAN (2022) Form 5500
Creator: RYAN INCORPORATED CENTRAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RYAN INCORPORATED CENTRAL PROFIT SHARING AND 401(K) PLAN, RYAN INCORPORATED CENTRAL

RYAN INCORPORATED CENTRALEIN 39-1512084Plan #001PY 2022

PO BOX 206 - JANESVILLE, WI 53547608-754-2291ryancentral.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 4, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

2700 E. Racine Street

Janesville, WI 53545

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Plans declared (14)

Plan name not on file1 emp
Plan name not on file1 emp
Plan name not on file1 emp
Plan name not on file1 emp
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+9 more

Total covered: 14 employees

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Total assets (EOY)

$54.7M

-16.7% from 2021

Total participants

162

+8.7% from 2021

Average account balance

$362,020

-20.0% from 2021

Annual return

-15.02%

-28.55 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.44M

Not enough data

1 years with asset history on file

Average account balance

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

$431K

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.

168

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

$3.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$529

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 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO8+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$71,314
BAKER TILLY US, LLP4 years Service code 10 · EIN 39-0859910	Accounting	$19,210
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$91K

$767 / participant

Other / not subdivided$91K100.0%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$362,020

$64,176+464.1%

$112,263+222.5%

$66,949+440.7%

Participation rate

90.7%

68.4%+22.2pp

75.1%+15.6pp

69.8%+20.9pp

Annual return

-15.02%

-13.80%-1.2pp

27.49%-42.5pp

1.57%-16.6pp

Employer contribution / active EE

$13,797

$3,007+358.9%

$3,636+279.4%

$2,545+442.0%

Participant deferral / active EE

$12,626

$3,694+241.8%

$4,729+167.0%

$4,239+197.8%

Admin fee / account holder

$599

$626-4.2%

$6,410-90.6%

$594+1.0%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$71,314

BAKER TILLY US, LLP4 years

Service code 10 · EIN 39-0859910

Accounting

$19,210

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

RYAN INCORPORATED CENTRAL PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (14)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RYAN INCORPORATED CENTRAL PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (14)

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