Retirement plan

RIPLEY HEATWOLE COMPANY, INC. 401(K) PLAN

Name: RIPLEY HEATWOLE COMPANY, INC. - RIPLEY HEATWOLE COMPANY, INC. 401(K) PLAN (2020) Form 5500
Creator: RIPLEY HEATWOLE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIPLEY HEATWOLE COMPANY, INC. 401(K) PLAN, RIPLEY HEATWOLE COMPANY, INC.

RIPLEY HEATWOLE COMPANY, INC.EIN 54-1908724Plan #001PY 2020

808 NEWTON ROAD - VIRGINIA BEACH, VA 23462757-473-8575ripheat.comLinkedIn51-200 employeesreal estate

Prospect flagsLow employer contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.6M

+29.2% from 2019

Total participants

131

+5.6% from 2019

Average account balance

$24,759

+14.3% from 2019

Annual return

21.54%

+1.63 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.53M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

105

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$279K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2570

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081	Recordkeeping	$12,013
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES AND ASSOCIATES, INC. Service code 26 · EIN 59-1237041	Advisory (Participants)	$9,093

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$21K

$177 / participant

Investment mgmt$9K43.1%
Other / not subdivided$12K56.9%

% of EOY assets

0.820%

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: WALL, EINHOEN & CHERNITZER, PC
Auditor EIN: 541417420
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,759

$62,132-60.2%

$185,861-86.7%

$73,497-66.3%

Participation rate

77.3%

67.8%+9.5pp

78.0%-0.7pp

70.7%+6.6pp

Annual return

21.54%

20.44%+1.1pp

35.96%-14.4pp

28.51%-7.0pp

Employer contribution / active EE

$361

$1,681-78.5%

$4,088-91.2%

$2,270-84.1%

Participant deferral / active EE

$1,632

$3,711-56.0%

$5,634-71.0%

$3,740-56.4%

Admin fee / account holder

$203

$419-51.5%

$9,503-97.9%

$513-60.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.2 years

Service code 15 · EIN 45-6062081

Recordkeeping

$12,013

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES AND ASSOCIATES, INC.

Service code 26 · EIN 59-1237041

Advisory (Participants)

$9,093

RIPLEY HEATWOLE COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIPLEY HEATWOLE COMPANY, INC. 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