Retirement plan

THE REESE GROUP, INC. 401(K) PLAN

Name: THE REESE GROUP, INC. - THE REESE GROUP, INC. 401(K) PLAN (2024) Form 5500
Creator: THE REESE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE REESE GROUP, INC. 401(K) PLAN, THE REESE GROUP, INC.

THE REESE GROUP, INC.EIN 62-1077825Plan #001PY 2024

2820 BRANSFORD AVENUE - NASHVILLE, TN 37204615-269-3456LinkedIn51-200 employeessupermarkets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$8M

+2.8% from 2023

Total participants

137

+2.2% from 2023

Average account balance

$69,868

-2.6% from 2023

Annual return

11.89%

-3.75 pp from 2023

Benchmarks

See 2,349 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,349 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.03M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

115

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$690K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 4 by compensation

Provider	Service type	Compensation
IPI WEALTH MANAGEMENT INC3 years Service code 27 226 WEST ELDORADO · DECATURE, IL 62522	Advisory (Plan)	$16,273
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,790
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISOR GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,398
STONES RIVER CONSULTING3 years Filed as: STONES RIVER CONSULTING INC Service code 13 · EIN 45-3783933 2441 Q OLD FORT PKWY STE 407 · MURFREESBORO, TN 37128	Contract Administrator	$1,425

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$219 / participant

Contract admin$26K100.0%

% of EOY assets

0.319%

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: KENDRA G. MELNYK, CPA
Auditor EIN: 408298989
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,868

$88,137-20.7%

$164,975-57.6%

$74,429-6.1%

Participation rate

81.2%

73.1%+8.1pp

78.6%+2.6pp

67.2%+14.0pp

Annual return

11.89%

17.13%-5.2pp

70.12%-58.2pp

1368.38%-1356.5pp

Employer contribution / active EE

$413

$2,597-84.1%

$4,343-90.5%

$2,625-84.3%

Participant deferral / active EE

$5,482

$4,501+21.8%

$6,033-9.1%

$4,348+26.1%

Admin fee / account holder

$223

$2,231-90.0%

$12,688-98.2%

$1,944-88.5%

Provider

Service type

Compensation

IPI WEALTH MANAGEMENT INC3 years

Service code 27

226 WEST ELDORADO · DECATURE, IL 62522

Advisory (Plan)

$16,273

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,790

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISOR GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,398

STONES RIVER CONSULTING3 years

Filed as: STONES RIVER CONSULTING INC

Service code 13 · EIN 45-3783933

2441 Q OLD FORT PKWY STE 407 · MURFREESBORO, TN 37128

Contract Administrator

$1,425

THE REESE GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE REESE GROUP, INC. 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