Retirement plan

401(K) SAVINGS PLAN OF RED RIVER COMMODITIES

Name: RED RIVER COMMODITIES, INC. - 401(K) SAVINGS PLAN OF RED RIVER COMMODITIES (2023) Form 5500
Creator: RED RIVER COMMODITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) SAVINGS PLAN OF RED RIVER COMMODITIES, RED RIVER COMMODITIES, INC.

RED RIVER COMMODITIES, INC.EIN 45-0321457Plan #003PY 2023

501 42ND STREET NW. - FARGO, ND 58102701-282-2600redriv.comLinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$4.1M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.9M

+13.8% from 2022

Total participants

607

+11.6% from 2022

Average account balance

$30,299

+2.4% from 2022

Annual return

19.15%

+37.56 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.70M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

509

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: LC MORGAN STANLEY Service code 27 1300 THAMES STREET WHARF · BALTIMORE, MD 21231	Advisory (Plan)	$39,317
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754	Recordkeeping	$16,800

Plan features & details

Pension benefit codes2S2E2G2J2K2F2T

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$56K

$165 / participant

Investment mgmt$39K70.2%
Contract admin$17K29.8%

% of EOY assets

0.312%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,299

$69,823-56.6%

$76,872-60.6%

$74,460-59.3%

Participation rate

95.6%

70.0%+25.6pp

69.6%+26.0pp

70.7%+24.8pp

Annual return

19.15%

19.99%-0.8pp

37.90%-18.8pp

34.38%-15.2pp

Employer contribution / active EE

$2,223

$2,148+3.5%

$2,533-12.2%

$2,638-15.7%

Participant deferral / active EE

$3,099

$3,558-12.9%

$3,832-19.1%

$4,530-31.6%

Admin fee / account holder

$95

$398-76.2%

$5,476-98.3%

$348-72.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: LC MORGAN STANLEY

Service code 27

1300 THAMES STREET WHARF · BALTIMORE, MD 21231

Advisory (Plan)

$39,317

ASCENSUS LLC6 years

Service code 15 · EIN 11-3665754

Recordkeeping

$16,800

401(K) SAVINGS PLAN OF RED RIVER COMMODITIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) SAVINGS PLAN OF RED RIVER COMMODITIES

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