Retirement plan

ROYAL BRASS & HOSE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: ROYAL BRASS AND HOSE COMPANY, INC. - ROYAL BRASS & HOSE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: ROYAL BRASS AND HOSE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL BRASS & HOSE COMPANY, INC. 401(K) PROFIT SHARING PLAN, ROYAL BRASS AND HOSE COMPANY, INC.

ROYAL BRASS AND HOSE COMPANY, INC.EIN 62-0694119Plan #001PY 2021

P.O. BOX 51468 - KNOXVILLE, TN 379501468865-558-0224royalbrassandhose.comLinkedIn201-500 employeeswholesale

Other plans on this EIN

1 filing

#002Retirement-$5.5M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.8M

+9.9% from 2020

Total participants

214

-6.6% from 2020

Average account balance

$67,780

+17.5% from 2020

Annual return

10.96%

-2.82 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.61M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

223

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.

70.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRUSTFIRST, INC7+ years Service code 26 265 BROOKVIEW CENTER WAY, SUIT 504 · KNOXVILLE, TN 37919	Advisory (Participants)	$44,388
EPIC RETIREMENT PLAN SERVICES7+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 64 · EIN 38-2712991	Recordkeeping Fees	$21,013
EPIC RETIREMENT PLAN SERVICES7+ years Filed as: THE RETIREMENT PLAN COMPANY,LLC Service code 60	Sub-TA Fees	$4,152

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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$70K

$445 / participant

Investment mgmt$44K63.6%
Other / not subdivided$25K36.4%

% of EOY assets

0.507%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HENDERSON HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,780

$93,182-27.3%

$146,643-53.8%

$79,391-14.6%

Participation rate

93.0%

76.4%+16.6pp

80.1%+12.9pp

70.7%+22.3pp

Annual return

10.96%

21.61%-10.6pp

22.75%-11.8pp

116.88%-105.9pp

Employer contribution / active EE

$2,000

$2,420-17.3%

$4,137-51.6%

$2,428-17.6%

Participant deferral / active EE

$5,686

$4,169+36.4%

$5,506+3.3%

$4,046+40.6%

Admin fee / account holder

$344

$585-41.2%

$10,280-96.7%

$627-45.1%

Provider

Service type

Compensation

TRUSTFIRST, INC7+ years

Service code 26

265 BROOKVIEW CENTER WAY, SUIT 504 · KNOXVILLE, TN 37919

Advisory (Participants)

$44,388

EPIC RETIREMENT PLAN SERVICES7+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 64 · EIN 38-2712991

Recordkeeping Fees

$21,013

EPIC RETIREMENT PLAN SERVICES7+ years

Filed as: THE RETIREMENT PLAN COMPANY,LLC

Service code 60

Sub-TA Fees

$4,152

ROYAL BRASS & HOSE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROYAL BRASS & HOSE COMPANY, INC. 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