Retirement plan

ROCK SOLID TECHNOLOGIES, INC. RETIREMENT PLAN FOR EMPLOYEES OF ROCK SOLID TECHNOLOGIES, INC.

Name: ROCK SOLID TECHNOLOGIES, INC. - ROCK SOLID TECHNOLOGIES, INC. RETIREMENT PLAN FOR EMPLOYEES OF ROCK SOLID TECHNOLOGIES, INC. (2019) Form 5500
Creator: ROCK SOLID TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCK SOLID TECHNOLOGIES, INC. RETIREMENT PLAN FOR EMPLOYEES OF ROCK SOLID TECHNOLOGIES, INC., ROCK SOLID TECHNOLOGIES, INC.

ROCK SOLID TECHNOLOGIES, INC.EIN 66-0548938Plan #001PY 2019

PO BOX 195599 - SAN JUAN, PR 00919787-620-5595

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.4M

+33.4% from 2018

Total participants

151

+20.8% from 2018

Average account balance

$55,674

+10.4% from 2018

Annual return

22.08%

+27.98 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.77M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

180

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$766K

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

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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 2 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$21,350
A & A EMPLOYEE BENEFITS CONSULTING5+ years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$3,540

Plan features & details

Pension benefit codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$21K

$142 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.254%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SHARON GONZALEZ CPA'S LLC
Auditor EIN: 660891476
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,674

$89,652-37.9%

$141,177-60.6%

$65,185-14.6%

Participation rate

100.0%

74.7%+25.3pp

82.5%+17.5pp

70.2%+29.8pp

Annual return

22.08%

32.79%-10.7pp

71.40%-49.3pp

29.38%-7.3pp

Employer contribution / active EE

$1,588

$3,065-48.2%

$4,736-66.5%

$2,177-27.0%

Participant deferral / active EE

$3,619

$5,691-36.4%

$6,710-46.1%

$3,514+3.0%

Admin fee / account holder

$141

$569-75.1%

$10,263-98.6%

$847-83.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$21,350

A & A EMPLOYEE BENEFITS CONSULTING5+ years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$3,540

ROCK SOLID TECHNOLOGIES, INC. RETIREMENT PLAN FOR EMPLOYEES OF ROCK SOLID TECHNOLOGIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCK SOLID TECHNOLOGIES, INC. RETIREMENT PLAN FOR EMPLOYEES OF ROCK SOLID TECHNOLOGIES, INC.

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