Retirement plan

EMPLOYEE BENEFIT PLAN OF RIVER CITY PRODUCE COMPANY, INC.

Name: RIVER CITY PRODUCE COMPANY, INC. - EMPLOYEE BENEFIT PLAN OF RIVER CITY PRODUCE COMPANY, INC. (2019) Form 5500
Creator: RIVER CITY PRODUCE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF RIVER CITY PRODUCE COMPANY, INC., RIVER CITY PRODUCE COMPANY, INC.

RIVER CITY PRODUCE COMPANY, INC.EIN 74-2234180Plan #002PY 2019

1616 S LAREDO ST - SAN ANTONIO, TX 782077029210-271-0164rivercityproduce.comLinkedIn51-200 employeeswholesale

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.6M

+33.1% from 2018

Total participants

+19.5% from 2018

Average account balance

$46,548

+38.2% from 2018

Annual return

35.47%

+41.86 pp from 2018

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.59M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

28.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$519

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

+8.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15354

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$203K

$2392 / participant

Other / not subdivided$203K100.0%

% of EOY assets

5.601%

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

$46,548

$58,493-20.4%

$84,023-44.6%

$72,976-36.2%

Participation rate

76.5%

61.2%+15.2pp

69.0%+7.5pp

69.5%+7.0pp

Annual return

35.47%

28.93%+6.5pp

71.32%-35.8pp

81.02%-45.5pp

Employer contribution / active EE

$762

$1,163-34.5%

$1,984-61.6%

$2,440-68.8%

Participant deferral / active EE

$862

$2,394-64.0%

$3,239-73.4%

$3,608-76.1%

Admin fee / account holder

$2,607

$4,569-42.9%

$6,102-57.3%

$5,124-49.1%

EMPLOYEE BENEFIT PLAN OF RIVER CITY PRODUCE COMPANY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF RIVER CITY PRODUCE COMPANY, 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