Retirement plan

RED RIVER PUMP SPECIALISTS 401(K) PLAN

Name: RED RIVER PUMP SPECIALISTS - RED RIVER PUMP SPECIALISTS 401(K) PLAN (2024) Form 5500
Creator: RED RIVER PUMP SPECIALISTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED RIVER PUMP SPECIALISTS 401(K) PLAN, RED RIVER PUMP SPECIALISTS

RED RIVER PUMP SPECIALISTSEIN 48-1304632Plan #001PY 2024

1555 WELLS ISLAND ROAD - SHREVEPORT, LA 71107318-459-1131redriverpump.comLinkedIn11-50 employeesmachinery

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.8M

+29.2% from 2023

Total participants

0.0% from 2023

Average account balance

$65,706

+19.9% from 2023

Annual return

13.87%

-4.89 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.84M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

56.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$218K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$975

$20 / participant

Other / not subdivided$975100.0%

% of EOY assets

0.053%

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

$65,706

$58,258+12.8%

$81,820-19.7%

$80,925-18.8%

Participation rate

40.0%

63.5%-23.5pp

72.4%-32.4pp

67.7%-27.7pp

Annual return

13.87%

41.76%-27.9pp

777.93%-764.1pp

35.65%-21.8pp

Employer contribution / active EE

$1,963

$2,345-16.3%

$2,915-32.6%

$2,756-28.8%

Participant deferral / active EE

$2,392

$3,284-27.2%

$4,323-44.7%

$4,299-44.4%

Admin fee / account holder

$35

$4,976-99.3%

$7,391-99.5%

$6,940-99.5%

RED RIVER PUMP SPECIALISTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED RIVER PUMP SPECIALISTS 401(K) 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