Retirement plan

RIESTERER & SCHNELL 401(K) PLAN

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

RIESTERER & SCHNELL, INC.EIN 39-1845937Plan #002PY 2021

N2909 STATE HWY 32 NORTH - PULASKI, WI 54162920-822-3077LinkedIn11-50 employeesmachinery

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$24.7M

+18.1% from 2020

Total participants

343

+4.3% from 2020

Average account balance

$72,158

+11.9% from 2020

Annual return

15.42%

-0.61 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.82M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

301

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

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

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$480

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 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT3 years Service code 27 1375 W MAIN STREET · DE PERE, WI 54115	Advisory (Plan)	$77,430
LINCOLN NATIONAL CORPORATION4 years Service code 13 · EIN 35-1140070	Contract Administrator	$43,514
PENSION INC.5 years Filed as: PENSION INC Service code 15 · EIN 39-1623968	Recordkeeping	$9,156

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$174K

$686 / participant

Investment mgmt$116K66.5%
Contract admin$58K33.5%

% of EOY assets

0.706%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KERBERROSE SC
Auditor EIN: 391658423
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,158

$86,225-16.3%

$146,647-50.8%

$86,821-16.9%

Participation rate

99.6%

78.0%+21.6pp

80.1%+19.5pp

72.3%+27.3pp

Annual return

15.42%

31.23%-15.8pp

22.75%-7.3pp

97.94%-82.5pp

Employer contribution / active EE

$3,093

$2,392+29.3%

$4,137-25.2%

$2,406+28.6%

Participant deferral / active EE

$5,360

$4,245+26.3%

$5,506-2.6%

$4,132+29.7%

Admin fee / account holder

$510

$195+160.9%

$10,281-95.0%

$170+200.5%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT3 years

Service code 27

1375 W MAIN STREET · DE PERE, WI 54115

Advisory (Plan)

$77,430

LINCOLN NATIONAL CORPORATION4 years

Service code 13 · EIN 35-1140070

Contract Administrator

$43,514

PENSION INC.5 years

Filed as: PENSION INC

Service code 15 · EIN 39-1623968

Recordkeeping

$9,156

RIESTERER & SCHNELL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIESTERER & SCHNELL 401(K) 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