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 (2021) 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 2021

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)

$2M

+15.5% from 2020

Total participants

0.0% from 2020

Average account balance

$92,781

+15.5% from 2020

Annual return

11.91%

-3.14 pp from 2020

Benchmarks

See 44,702 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,702 peers

Snapshot2021

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

$869

$48 / participant

Other / not subdivided$869100.0%

% of EOY assets

0.043%

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

$92,781

$124,330-25.4%

$109,173-15.0%

$167,536-44.6%

Participation rate

88.9%

79.5%+9.4pp

75.9%+13.0pp

82.1%+6.8pp

Annual return

11.91%

26.04%-14.1pp

25.75%-13.8pp

478.82%-466.9pp

Employer contribution / active EE

$1,424

$4,209-66.2%

$3,723-61.7%

$4,839-70.6%

Participant deferral / active EE

$2,104

$5,256-60.0%

$4,654-54.8%

$6,342-66.8%

Admin fee / account holder

$40

$7,974-99.5%

$6,755-99.4%

$12,315-99.7%

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