Retirement plan

S&R EMPLOYEES RETIREMENT SAVINGS PLAN

Name: SINCLAIR AND RUSH, INC. - S&R EMPLOYEES RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: SINCLAIR AND RUSH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S&R EMPLOYEES RETIREMENT SAVINGS PLAN, SINCLAIR AND RUSH, INC.

SINCLAIR AND RUSH, INC.EIN 43-1153069Plan #001PY 2022

111 MANUFACTURERS DRIVE - ARNOLD, MO 63010636-282-6800sinclair-rush.comLinkedIn201-500 employeesplastics

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$16.9M

+0.6% from 2021

Total participants

461

+18.8% from 2021

Average account balance

$40,541

-16.3% from 2021

Annual return

-1.81%

-12.31 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.82M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

378

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.76M

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5 years Service code 15 · EIN 16-1450952	Recordkeeping	$52,013
CLAYTON FINANCIAL GROUP, LLC2 years Filed as: CLAYTON FINANCIAL GROUP Service code 27 · EIN 47-3829020	Advisory (Plan)	$23,904
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$8,568
CHARLES SCHWAB & CO., INC.4 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$185 / participant

Investment mgmt$24K31.5%
Other / not subdivided$52K68.5%

% of EOY assets

0.448%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,541

$81,948-50.5%

$90,760-55.3%

$64,819-37.5%

Participation rate

89.5%

80.5%+9.1pp

75.7%+13.8pp

71.5%+18.1pp

Annual return

-1.81%

-12.53%+10.7pp

-12.16%+10.3pp

32.84%-34.6pp

Employer contribution / active EE

$837

$3,067-72.7%

$2,922-71.3%

$2,507-66.6%

Participant deferral / active EE

$2,985

$4,844-38.4%

$4,565-34.6%

$4,311-30.8%

Admin fee / account holder

$182

$157+15.6%

$8,444-97.8%

$188-3.3%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5 years

Service code 15 · EIN 16-1450952

Recordkeeping

$52,013

CLAYTON FINANCIAL GROUP, LLC2 years

Filed as: CLAYTON FINANCIAL GROUP

Service code 27 · EIN 47-3829020

Advisory (Plan)

$23,904

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$8,568

CHARLES SCHWAB & CO., INC.4 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

S&R EMPLOYEES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S&R EMPLOYEES RETIREMENT 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