Retirement plan

RAINBOW PLAY SYSTEMS 401(K) PLAN

Name: RAINBOW MINNESOTA - RAINBOW PLAY SYSTEMS 401(K) PLAN (2023) Form 5500
Creator: RAINBOW MINNESOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAINBOW PLAY SYSTEMS 401(K) PLAN, RAINBOW MINNESOTA

RAINBOW MINNESOTAEIN 47-4428053Plan #002PY 2023

900 WEST 80TH STREET - BLOOMINGTON, MN 55420952-884-4040LinkedIn11-50 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$489K

+67.9% from 2022

Total participants

+16.0% from 2022

Average account balance

$37,624

+67.9% from 2022

Annual return

37.83%

-60.31 pp from 2022

Benchmarks

See 2,313 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,313 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$748K

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

57.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

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

+15.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$585

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 codes2G2J2T3D

Plan features

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$37,624

$57,541-34.6%

$95,759-60.7%

$75,177-50.0%

Participation rate

36.0%

62.5%-26.5pp

72.3%-36.3pp

67.2%-31.2pp

Annual return

37.83%

34.93%+2.9pp

28.42%+9.4pp

160.75%-122.9pp

Employer contribution / active EE

$1,113

$1,808-38.4%

$2,836-60.8%

$2,671-58.3%

Participant deferral / active EE

$2,391

$3,074-22.2%

$4,244-43.7%

$4,126-42.1%

Admin fee / account holder

$4,099-100.0%

$5,678-100.0%

$5,651-100.0%

RAINBOW PLAY SYSTEMS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

RAINBOW PLAY SYSTEMS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion