Retirement plan

THE REPUBLIC OF TEA, INC./RUBIN WINES LLC 401(K) PLAN

Name: THE REPUBLIC OF TEA, INC. - THE REPUBLIC OF TEA, INC./RUBIN WINES LLC 401(K) PLAN (2020) Form 5500
Creator: THE REPUBLIC OF TEA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE REPUBLIC OF TEA, INC./RUBIN WINES LLC 401(K) PLAN, THE REPUBLIC OF TEA, INC.

THE REPUBLIC OF TEA, INC.EIN 68-0324440Plan #002PY 2020

11051 N MOCKINGBIRD ROAD, SUITE A - NASHVILLE, IL 62263618-478-5520

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.7M

+21.3% from 2019

Total participants

145

+4.3% from 2019

Average account balance

$103,416

+15.3% from 2019

Annual return

19.17%

-1.51 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.92M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

175

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 14 · EIN 27-2037969	Plan Administrator	$8,987

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$69 / participant

Contract admin$9K100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

1 / 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: HOLT AND PATTERSON, LLC
Auditor EIN: 841684254
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,416

$54,590+89.4%

$81,726+26.5%

$73,497+40.7%

Participation rate

97.7%

68.3%+29.4pp

72.0%+25.7pp

70.7%+27.0pp

Annual return

19.17%

17.74%+1.4pp

29.49%-10.3pp

28.51%-9.3pp

Employer contribution / active EE

$3,542

$1,636+116.5%

$4,311-17.8%

$2,270+56.0%

Participant deferral / active EE

$3,483

$2,759+26.2%

$7,108-51.0%

$3,740-6.9%

Admin fee / account holder

$63

$592-89.3%

$5,160-98.8%

$513-87.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 14 · EIN 27-2037969

Plan Administrator

$8,987

THE REPUBLIC OF TEA, INC./RUBIN WINES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE REPUBLIC OF TEA, INC./RUBIN WINES LLC 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