Retirement plan

RX SYSTEMS, INC. 401K PROFIT SHARING PLAN AND TRUST

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

RX SYSTEMS, INC.EIN 43-1174040Plan #001PY 2022

121 POINT WEST BOULEVARD - ST. CHARLES, MO 63301636-925-0001rxsystems.comLinkedIn201-500 employeesprinting

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

-20.6% from 2021

Total participants

234

-2.5% from 2021

Average account balance

$47,147

-19.4% from 2021

Annual return

-17.90%

-31.57 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.13M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

179

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.

69.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$581K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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 1 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.3 years Filed as: BENEFIT PLANS PLUS Service code 49 11701 BORMAN DR · ST. LOUIS, MO 63146	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$15K

$74 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.239%

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: BOTZ DEAL AND COMPANY
Auditor EIN: 431064657
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,147

$72,620-35.1%

$90,756-48.1%

$66,930-29.6%

Participation rate

53.4%

73.7%-20.3pp

75.7%-22.3pp

69.8%-16.4pp

Annual return

-17.90%

-12.28%-5.6pp

-12.16%-5.7pp

1.57%-19.5pp

Employer contribution / active EE

$447

$2,369-81.1%

$2,922-84.7%

$2,545-82.4%

Participant deferral / active EE

$2,199

$3,979-44.7%

$4,565-51.8%

$4,238-48.1%

Admin fee / account holder

$113

$707-84.1%

$8,445-98.7%

$593-81.0%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.3 years

Filed as: BENEFIT PLANS PLUS

Service code 49

11701 BORMAN DR · ST. LOUIS, MO 63146

Other Services

RX SYSTEMS, INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RX SYSTEMS, INC. 401K PROFIT SHARING 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