Retirement plan

RAPID METAL PRODUCTS, INC. SECTION 401(K) PROFIT SHARING PLAN

Name: RAPID METAL PRODUCTS, INC. - RAPID METAL PRODUCTS, INC. SECTION 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: RAPID METAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAPID METAL PRODUCTS, INC. SECTION 401(K) PROFIT SHARING PLAN, RAPID METAL PRODUCTS, INC.

RAPID METAL PRODUCTS, INC.EIN 59-3535997Plan #001PY 2020

4257 HOLDEN ROAD - LAKELAND, FL 33811863-701-0058rapidmetalproducts.comLinkedIn1-10 employeesmechanical or industrial engineering

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+18.8% from 2019

Total participants

0.0% from 2019

Average account balance

$80,358

+29.6% from 2019

Annual return

15.05%

-3.31 pp from 2019

Benchmarks

See 42,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,032 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

183.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6533

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 codes2E2G2J3D

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.
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

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

$5K

$269 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.290%

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

$80,358

$115,814-30.6%

$101,275-20.7%

$158,982-49.5%

Participation rate

89.5%

79.4%+10.1pp

75.8%+13.7pp

82.0%+7.5pp

Annual return

15.05%

56.16%-41.1pp

46.48%-31.4pp

302.99%-287.9pp

Employer contribution / active EE

$1,298

$4,176-68.9%

$3,660-64.5%

$4,763-72.8%

Participant deferral / active EE

$1,880

$4,958-62.1%

$4,371-57.0%

$5,983-68.6%

Admin fee / account holder

$233

$7,249-96.8%

$5,948-96.1%

$11,252-97.9%

RAPID METAL PRODUCTS, INC. SECTION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAPID METAL PRODUCTS, INC. SECTION 401(K) PROFIT SHARING 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