Retirement plan

RAS 401(K) PLAN

Name: RISK ADMINISTRATION SERVICES, INC. - RAS 401(K) PLAN (2022) Form 5500
Creator: RISK ADMINISTRATION SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAS 401(K) PLAN, RISK ADMINISTRATION SERVICES, INC.

RISK ADMINISTRATION SERVICES, INC.EIN 46-0407236Plan #001PY 2022

P.O. BOX 89310, 300 CHERAPA PLACE, SUITE 401 - SIOUX FALLS, SD 571099310605-361-4142

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed June 30, 2015

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$29.3M

-9.0% from 2021

Total participants

215

+10.8% from 2021

Average account balance

$136,402

-17.9% from 2021

Annual return

-15.64%

-27.78 pp from 2021

Benchmarks

See 2,166 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,166 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$47.08M

Not enough data

1 years with asset history on file

Average account balance

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

$374K

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.

126

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.

53.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1186

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FRINGE BENEFITS DESIGN OF MN, INC.8+ years Service code 15 · EIN 41-1276678 7760 FRANCE AVENUE SOUTH, SUITE 950 · BLOOMINGTON, MN 55435	Recordkeeping	$58,647
BENEFIT PLANS ADMIN SERVICES, INC.1 year Service code 15 · EIN 16-1503696	Recordkeeping	$21,436
EIDE BAILLY LLP7+ years Filed as: EIDE BAILLY, LLP Service code 10 · EIN 45-0250958 200 EAST 10TH STREET, SUITE 500 · SIOUX FALLS, SD 571046375	Accounting	$13,313
MATRIX TRUST COMPANY2 years Filed as: MATRIX TRUST CO Service code 19 · EIN 75-3182674	Securities Custodian	$11,803
REDHAWK WEALTH ADVISORS4 years Filed as: REDHAWK WEALTH ADVISORS, INC. Service code 27 7700 FRANCE AVE S #430 · MPLS, MN 55435	Advisory (Plan)	$6,727

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$112K

$658 / participant

Investment mgmt$7K6.0%
Contract admin$92K82.1%
Other / not subdivided$13K11.9%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY L.L.P.
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,402

$102,553+33.0%

$151,611-10.0%

$66,914+103.8%

Participation rate

100.0%

85.5%+14.5pp

87.5%+12.5pp

69.8%+30.2pp

Annual return

-15.64%

-10.82%-4.8pp

3.33%-19.0pp

1.58%-17.2pp

Employer contribution / active EE

$8,081

$4,180+93.3%

$6,166+31.1%

$2,544+217.6%

Participant deferral / active EE

$7,455

$6,641+12.3%

$8,363-10.9%

$4,237+76.0%

Admin fee / account holder

$520

$630-17.4%

$11,616-95.5%

$593-12.3%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.8+ years

Service code 15 · EIN 41-1276678

7760 FRANCE AVENUE SOUTH, SUITE 950 · BLOOMINGTON, MN 55435

Recordkeeping

$58,647

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Service code 15 · EIN 16-1503696

Recordkeeping

$21,436

EIDE BAILLY LLP7+ years

Filed as: EIDE BAILLY, LLP

Service code 10 · EIN 45-0250958

200 EAST 10TH STREET, SUITE 500 · SIOUX FALLS, SD 571046375

Accounting

$13,313

MATRIX TRUST COMPANY2 years

Filed as: MATRIX TRUST CO

Service code 19 · EIN 75-3182674

Securities Custodian

$11,803

REDHAWK WEALTH ADVISORS4 years

Filed as: REDHAWK WEALTH ADVISORS, INC.

Service code 27

7700 FRANCE AVE S #430 · MPLS, MN 55435

Advisory (Plan)

$6,727

RAS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAS 401(K) PLAN

Top hat statement on fileNQDC

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