Retirement plan

ROTOCHOPPER, INC. FIRST RESTATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: ROTOCHOPPER, INC. - ROTOCHOPPER, INC. FIRST RESTATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2024) Form 5500
Creator: ROTOCHOPPER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROTOCHOPPER, INC. FIRST RESTATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, ROTOCHOPPER, INC.

ROTOCHOPPER, INC.EIN 39-2038403Plan #002PY 2024

217 WEST STREET - ST. MARTIN, MN 56376320-875-9950rotochopper.comLinkedIn51-200 employeespaper & forest products

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$27.9M

+0.5% from 2023

Total participants

159

+3.2% from 2023

Average account balance

$175,564

-2.6% from 2023

Annual return

2.49%

-20.71 pp from 2023

Benchmarks

See 4,106 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,106 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.29M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

161

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$917

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$538

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
ARGENT TRUST COMPANY6 years Service code 21 · EIN 62-1437218 1100 ABERNATHY ROAD · ATLANTA, GA 30328	Bank Trustee	$32,083
TRANSITION FINANCE STRATEGIES, LLC2 years Filed as: TRANSITION FINANCE STRATEGIES LLC Service code 64 · EIN 13-4238973 154 HANSEN RD · CHARLOTTESVILLE, VA 22911	Recordkeeping Fees	$21,489
EIDE BAILLY LLP5 years Filed as: EIDE BAILLY, LLP Service code 10 · EIN 45-0250958 800 NICOLLET MALL, SUITE 1300 · MINNEAPOLIS, MN 55402	Accounting	$16,097
WIPFLI LLP6 years Service code 34 · EIN 39-0758449 11 SCOTT STREET, SUITE 400 · WAUSAU, WI 54403	Valuation (appraisals, etc.)	$15,000
KRIEG DEVAULT LLP3 years Filed as: KRIEG DEVAULT Service code 29 ONE INDIANA SQUARE · INDIANAPOLIS, IN 46204	Legal	$0
POLSINELLI2 years Filed as: POLSINELLI LAW FIRM Service code 29 150 N. RIVERSIDE PLAZA · CHICAGO, IL 60606	Legal	$0

Plan features & details

Pension benefit codes2I2P3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$85K

$749 / participant

Recordkeeping$21K25.4%
Trustee / custodial$32K37.9%
Legal$16K19.0%
Valuation$15K17.7%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$175,564

$79,171+121.8%

$102,423+71.4%

$74,495+135.7%

Participation rate

100.0%

74.8%+25.2pp

76.5%+23.5pp

67.2%+32.8pp

Annual return

2.49%

54.93%-52.4pp

29.32%-26.8pp

1364.94%-1362.5pp

Employer contribution / active EE

$885

$2,362-62.5%

$3,023-70.7%

$2,623-66.3%

Participant deferral / active EE

$4,415-100.0%

$5,053-100.0%

$4,346-100.0%

Admin fee / account holder

$533

$2,001-73.4%

$9,451-94.4%

$1,942-72.6%

Provider

Service type

Compensation

ARGENT TRUST COMPANY6 years

Service code 21 · EIN 62-1437218

1100 ABERNATHY ROAD · ATLANTA, GA 30328

Bank Trustee

$32,083

TRANSITION FINANCE STRATEGIES, LLC2 years

Filed as: TRANSITION FINANCE STRATEGIES LLC

Service code 64 · EIN 13-4238973

154 HANSEN RD · CHARLOTTESVILLE, VA 22911

Recordkeeping Fees

$21,489

EIDE BAILLY LLP5 years

Filed as: EIDE BAILLY, LLP

Service code 10 · EIN 45-0250958

800 NICOLLET MALL, SUITE 1300 · MINNEAPOLIS, MN 55402

Accounting

$16,097

WIPFLI LLP6 years

Service code 34 · EIN 39-0758449

11 SCOTT STREET, SUITE 400 · WAUSAU, WI 54403

Valuation (appraisals, etc.)

$15,000

KRIEG DEVAULT LLP3 years

Filed as: KRIEG DEVAULT

Service code 29

ONE INDIANA SQUARE · INDIANAPOLIS, IN 46204

Legal

POLSINELLI2 years

Filed as: POLSINELLI LAW FIRM

Service code 29

150 N. RIVERSIDE PLAZA · CHICAGO, IL 60606

Legal

ROTOCHOPPER, INC. FIRST RESTATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROTOCHOPPER, INC. FIRST RESTATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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