Retirement plan

OAK RIDGE FIRE AND RESCUE COMPANY 401(K) PLAN

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

OAK RIDGE FIRE AND RESCUE COMPANY, INC.EIN 58-1403683Plan #001PY 2020

8325 LINVILLE ROAD - OAK RIDGE, NC 27310336-643-3783oakridgencfire.comLinkedIn11-50 employeespublic safety

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$544K

+8.6% from 2019

Total participants

+8.7% from 2019

Average account balance

$22,683

+4.1% from 2019

Annual return

6.51%

-0.47 pp from 2019

Benchmarks

See 14,139 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,139 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$925K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

136.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$595

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$73K

$4074 / participant

Other / not subdivided$73K100.0%

% of EOY assets

13.471%

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

$22,683

$109,344-79.3%

$89,400-74.6%

$158,950-85.7%

Participation rate

94.4%

74.3%+20.2pp

68.0%+26.5pp

82.0%+12.5pp

Annual return

6.51%

345.73%-339.2pp

245.64%-239.1pp

302.91%-296.4pp

Employer contribution / active EE

$2,559

$3,170-19.3%

$2,586-1.0%

$4,762-46.3%

Participant deferral / active EE

$1,357

$4,599-70.5%

$3,890-65.1%

$5,983-77.3%

Admin fee / account holder

$3,056

$6,154-50.3%

$4,882-37.4%

$11,248-72.8%

OAK RIDGE FIRE AND RESCUE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAK RIDGE FIRE AND RESCUE COMPANY 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