Retirement plan

REVILLO FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN

Name: REVILLO FARMERS ELEVATOR - REVILLO FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN (2021) Form 5500
Creator: REVILLO FARMERS ELEVATOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REVILLO FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN, REVILLO FARMERS ELEVATOR

REVILLO FARMERS ELEVATOREIN 46-0132660Plan #002PY 2021

200 N 2ND AVE - REVILLO, SD 57259605-623-4402revillofarmers.comLinkedIn1-10 employeesfarming

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+9.7% from 2020

Total participants

-8.7% from 2020

Average account balance

$68,298

+26.2% from 2020

Annual return

15.89%

+13.87 pp from 2020

Benchmarks

See 22,587 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,587 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$243K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6522

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$195K

$10856 / participant

Other / not subdivided$195K100.0%

% of EOY assets

14.306%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,298

$176,794-61.4%

$146,647-53.4%

$167,553-59.2%

Participation rate

94.4%

83.6%+10.8pp

80.1%+14.4pp

82.1%+12.3pp

Annual return

15.89%

24.04%-8.1pp

22.75%-6.9pp

478.89%-463.0pp

Employer contribution / active EE

$3,374

$5,161-34.6%

$4,137-18.4%

$4,840-30.3%

Participant deferral / active EE

$3,175

$6,440-50.7%

$5,506-42.3%

$6,343-49.9%

Admin fee / account holder

$9,771

$13,262-26.3%

$10,281-5.0%

$12,316-20.7%

REVILLO FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REVILLO FARMERS ELEVATOR EMPLOYEES RETIREMENT 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