Retirement plan

RILEY GARDNER MEMORIAL SERVICE CO. 401(K) SH PLAN & TRUST

Name: RILEY GARDNER MEMORIAL SERVICE CO., INC. - RILEY GARDNER MEMORIAL SERVICE CO. 401(K) SH PLAN & TRUST (2023) Form 5500
Creator: RILEY GARDNER MEMORIAL SERVICE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RILEY GARDNER MEMORIAL SERVICE CO. 401(K) SH PLAN & TRUST, RILEY GARDNER MEMORIAL SERVICE CO., INC.

RILEY GARDNER MEMORIAL SERVICE CO., INC.EIN 74-1276933Plan #002PY 2023

P.O. BOX 868 - HAMILTON, TX 76531254-386-8951LinkedIn11-50 employeesglass, ceramics & concrete

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.8M

+27.1% from 2022

Total participants

+3.9% from 2022

Average account balance

$53,842

+30.7% from 2022

Annual return

19.72%

+42.66 pp from 2022

Benchmarks

See 5,447 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,447 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.70M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$447K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1671

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 codes2E3D2G2J2F2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$261K

$4135 / participant

Other / not subdivided$261K100.0%

% of EOY assets

6.815%

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

$53,842

$79,961-32.7%

$98,462-45.3%

$75,177-28.4%

Participation rate

85.7%

70.4%+15.3pp

75.2%+10.5pp

67.2%+18.5pp

Annual return

19.72%

19.75%0pp

21.17%-1.5pp

160.75%-141.0pp

Employer contribution / active EE

$3,596

$2,264+58.8%

$3,049+18.0%

$2,671+34.6%

Participant deferral / active EE

$4,059

$3,753+8.2%

$4,738-14.3%

$4,126-1.6%

Admin fee / account holder

$3,669

$6,842-46.4%

$8,875-58.7%

$5,651-35.1%

RILEY GARDNER MEMORIAL SERVICE CO. 401(K) SH PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RILEY GARDNER MEMORIAL SERVICE CO. 401(K) SH PLAN & TRUST

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