Retirement plan

ABERDEEN AND ROCKFISH RAILROAD COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Name: ABERDEEN AND ROCKFISH RAILROAD COMPANY - ABERDEEN AND ROCKFISH RAILROAD COMPANY 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: ABERDEEN AND ROCKFISH RAILROAD COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABERDEEN AND ROCKFISH RAILROAD COMPANY 401(K) PROFIT SHARING PLAN AND TRUST, ABERDEEN AND ROCKFISH RAILROAD COMPANY

ABERDEEN AND ROCKFISH RAILROAD COMPANYEIN 56-6000002Plan #001PY 2022

101 E MAIN ST - ABERDEEN, NC 28315910-944-2341LinkedIn11-50 employeesrailroad manufacture

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

-9.4% from 2021

Total participants

+8.3% from 2021

Average account balance

$152,385

-9.4% from 2021

Annual return

-13.00%

-22.10 pp from 2021

Benchmarks

See 8,687 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,687 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.00M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$167K

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

+19.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5724

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 codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$17K

$1076 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.538%

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

$152,385

$82,314+85.1%

$68,808+121.5%

$134,532+13.3%

Participation rate

68.8%

75.1%-6.3pp

69.0%-0.3pp

81.2%-12.5pp

Annual return

-13.00%

-2.18%-10.8pp

-6.37%-6.6pp

418.27%-431.3pp

Employer contribution / active EE

$2,416

$3,301-26.8%

$2,656-9.0%

$4,741-49.0%

Participant deferral / active EE

$5,549

$4,740+17.1%

$3,942+40.8%

$6,401-13.3%

Admin fee / account holder

$820

$6,484-87.4%

$4,936-83.4%

$11,429-92.8%

ABERDEEN AND ROCKFISH RAILROAD COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABERDEEN AND ROCKFISH RAILROAD COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

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