Retirement plan

RMS ENERGY CO. LLC 401(K) RETIREMENT PLAN

Name: RMS ENERGY CO, LLC - RMS ENERGY CO. LLC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: RMS ENERGY CO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RMS ENERGY CO. LLC 401(K) RETIREMENT PLAN, RMS ENERGY CO, LLC

RMS ENERGY CO, LLCEIN 46-1402221Plan #001PY 2024

15396 183RD ST - LITTLE FALLS, MN 56345888-683-3630rmsenergy.comLinkedIn201-500 employeesutilities

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.3M

+169.9% from 2023

Total participants

352

+50.4% from 2023

Average account balance

$23,769

+80.2% from 2023

Annual return

100.99%

+60.72 pp from 2023

Benchmarks

See 128 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort128 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.30M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

349

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+100.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 3 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP1 year Service code 12 · EIN 47-0098400	Claims processing; Participant loan p...	$29,550
PRIVATE ADVISOR GROUP LLC1 year Filed as: PRIVATE ADVISOR GROUP Service code 27 · EIN 27-3463733	Advisory (Plan)	$24,595
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 27-3169253	Securities Custodian	$812

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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

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).

Expense breakdown

Schedule H Part II

Admin total

$57K

$186 / participant

Trustee / custodial$8121.4%
Investment mgmt$27K47.1%
Contract admin$30K51.5%

% of EOY assets

0.692%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,769

$155,364-84.7%

$103,431-77.0%

$77,692-69.4%

Participation rate

99.0%

85.5%+13.5pp

80.5%+18.5pp

70.6%+28.5pp

Annual return

100.99%

19.02%+82.0pp

23.92%+77.1pp

31.25%+69.7pp

Employer contribution / active EE

$3,519

$5,949-40.8%

$4,678-24.8%

$2,726+29.1%

Participant deferral / active EE

$5,030

$8,482-40.7%

$6,625-24.1%

$4,648+8.2%

Admin fee / account holder

$165

$503-67.3%

$9,412-98.3%

$431-61.8%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP1 year

Service code 12 · EIN 47-0098400

Claims processing; Participant loan p...

$29,550

PRIVATE ADVISOR GROUP LLC1 year

Filed as: PRIVATE ADVISOR GROUP

Service code 27 · EIN 27-3463733

Advisory (Plan)

$24,595

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 27-3169253

Securities Custodian

$812

RMS ENERGY CO. LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RMS ENERGY CO. LLC 401(K) 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