Retirement plan

THE RITESCREEN COMPANY, LLC 401(K) SAVINGS PLAN

Name: RS7 HOLDINGS, LLC - THE RITESCREEN COMPANY, LLC 401(K) SAVINGS PLAN (2018) Form 5500
Creator: RS7 HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RITESCREEN COMPANY, LLC 401(K) SAVINGS PLAN, RS7 HOLDINGS, LLC

RS7 HOLDINGS, LLCEIN 46-5565003Plan #001PY 2018

4314 ROUTE 209 - ELIZABETHVILLE, PA 17023717-362-7483

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

-5.6% from 2017

Total participants

485

-3.6% from 2017

Average account balance

$28,324

+174.5% from 2017

Annual return

-9.02%

-24.46 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.09M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

256

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$49,725
AGGREGATE RETIREMENT SERVICES1 year Filed as: AGGREGATED RETIREMENT SE Service code 10 · EIN 47-1910719	Accounting	$18,295
COOPER SAVAS LLC1 year Filed as: COOPER WILLIAMS, LLC Service code 10 · EIN 27-5169784	Accounting	$7,300
CETERA ADVISOR NETWORKS LLC3 years Service code 27 · EIN 95-3845382	Advisory (Plan)	$6,558
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$6,433

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$71K

$152 / participant

Contract admin$50K70.0%
Other / not subdivided$21K30.0%

% of EOY assets

1.449%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COOPER WILLIAMS, LLC
Auditor EIN: 027516978
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,324

$65,118-56.5%

$76,767-63.1%

$55,725-49.2%

Participation rate

33.2%

79.6%-46.4pp

77.0%-43.8pp

70.9%-37.7pp

Annual return

-9.02%

-1.27%-7.7pp

2.43%-11.4pp

244.93%-253.9pp

Employer contribution / active EE

$1,941-100.0%

$2,485-100.0%

$2,078-100.0%

Participant deferral / active EE

$911

$3,688-75.3%

$3,852-76.3%

$3,356-72.8%

Admin fee / account holder

$411

$116+254.3%

$6,675-93.8%

$115+256.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$49,725

AGGREGATE RETIREMENT SERVICES1 year

Filed as: AGGREGATED RETIREMENT SE

Service code 10 · EIN 47-1910719

Accounting

$18,295

COOPER SAVAS LLC1 year

Filed as: COOPER WILLIAMS, LLC

Service code 10 · EIN 27-5169784

Accounting

$7,300

CETERA ADVISOR NETWORKS LLC3 years

Service code 27 · EIN 95-3845382

Advisory (Plan)

$6,558

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

$6,433

THE RITESCREEN COMPANY, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RITESCREEN COMPANY, LLC 401(K) SAVINGS 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