Retirement plan

RUSSELL CELLULAR 401(K) PLAN

Name: RUSSELL CELLULAR, INC. - RUSSELL CELLULAR 401(K) PLAN (2024) Form 5500
Creator: RUSSELL CELLULAR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUSSELL CELLULAR 401(K) PLAN, RUSSELL CELLULAR, INC.

RUSSELL CELLULAR, INC.EIN 43-1778225Plan #001PY 2024

4125 WILSON CREEK MARKETPLACE ROAD - BATTLEFIELD, MO 65619417-886-7542russellcellular.comLinkedIn1001-5000 employeeswireless

Prospect flagsLow returnsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.3M

+19.2% from 2023

Total participants

1,526

+4.4% from 2023

Average account balance

$13,933

+47.8% from 2023

Annual return

9.89%

-6.43 pp from 2023

Benchmarks

See 391 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.28M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

881

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.

50.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS COMPANY OF AMER Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$155,918
ERP RETIREMENT SERVICES1 year Filed as: ERP NATIONAL LLC Service code 13 3552 NE RALPH POWELL ROAD · LEES SUMMIT, MO 64064	Contract Administrator	$78,231
ERP RETIREMENT SERVICES2 years Filed as: ERP NATIONAL LLC DBA ERP RETIREMENT Service code 13 135 PINELAWN RD SUITE 240 N · MELVILLE, NY 11747	Contract Administrator	$66,858
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS Service code 55	Other Commissions	$55,925
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,847
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 99 1801 CALIFORNIA STREET 23RD FLOOR · DENVER, CO 80202	Other Fees	$2,173
NORTHWESTERN MUTUAL INVESTMENT SERV6 years Filed as: NORTHWESTERN MUTUAL INVESTMENTS SVC Service code 55 720 E WISCONSIN AVE · MILWAUKE, WI 53202	Other Commissions	$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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$212K

$164 / participant

Investment mgmt$212K100.0%

% of EOY assets

1.724%

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: ELLIOTT, ROBINSON AND COMPANY, LLP
Auditor EIN: 431189134
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,933

$48,744-71.4%

$93,696-85.1%

$199,960-93.0%

Participation rate

50.1%

63.7%-13.6pp

68.7%-18.6pp

72.0%-21.9pp

Annual return

9.89%

15.36%-5.5pp

133.74%-123.9pp

34.28%-24.4pp

Employer contribution / active EE

$580

$1,140-49.2%

$2,422-76.1%

$3,036-80.9%

Participant deferral / active EE

$1,755

$2,825-37.9%

$4,417-60.3%

$5,087-65.5%

Admin fee / account holder

$240

$195+23.1%

$8,287-97.1%

$269-10.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS COMPANY OF AMER

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$155,918

ERP RETIREMENT SERVICES1 year

Filed as: ERP NATIONAL LLC

Service code 13

3552 NE RALPH POWELL ROAD · LEES SUMMIT, MO 64064

Contract Administrator

$78,231

ERP RETIREMENT SERVICES2 years

Filed as: ERP NATIONAL LLC DBA ERP RETIREMENT

Service code 13

135 PINELAWN RD SUITE 240 N · MELVILLE, NY 11747

Contract Administrator

$66,858

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS

Service code 55

Other Commissions

$55,925

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,847

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 99

1801 CALIFORNIA STREET 23RD FLOOR · DENVER, CO 80202

Other Fees

$2,173

NORTHWESTERN MUTUAL INVESTMENT SERV6 years

Filed as: NORTHWESTERN MUTUAL INVESTMENTS SVC

Service code 55

720 E WISCONSIN AVE · MILWAUKE, WI 53202

Other Commissions

RUSSELL CELLULAR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUSSELL CELLULAR 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