Retirement plan

RAZZOO'S 401(K) PLAN

Name: RAZZOOS INC. - RAZZOO'S 401(K) PLAN (2019) Form 5500
Creator: RAZZOOS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAZZOO'S 401(K) PLAN, RAZZOOS INC.

RAZZOOS INC.EIN 75-2369753Plan #001PY 2019

15660 N. DALLAS PARKWAY, SUITE 450 - DALLAS, TX 75248972-233-6399

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.9M

+25.7% from 2018

Total participants

651

+24.7% from 2018

Average account balance

$36,598

+24.2% from 2018

Annual return

19.17%

+27.03 pp from 2018

Benchmarks

See 794 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort794 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.89M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

8.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$724

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

+16.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11046

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

Top 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 49 · EIN 04-1590850	Other Services	$22,070
HORNOR TOWNSEND & KENT INC2 years Service code 53 · EIN 23-1706189	Insurance Commissions	$13,348
AMERICAN FUNDS3 years Service code 52 · EIN 22-1557722	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 13-2949519	Indirect Investment Fees	$0
DELAWARE INVESTMENTS3 years Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
DWS FUNDS2 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
EATON VANCE3 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0
IVY FUNDS3 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
LEGG MASON3 years Service code 52 · EIN 13-4146187	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$34 / participant

Investment mgmt$21K95.2%
Contract admin$1K4.8%

% of EOY assets

0.754%

all-in expense ratio

Categories reported

2 / 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: GOLDIN PEISER & PEISER, LLP
Auditor EIN: 752515294
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,598

$25,302+44.6%

$74,722-51.0%

$67,579-45.8%

Participation rate

10.9%

37.8%-26.9pp

54.5%-43.5pp

71.3%-60.4pp

Annual return

19.17%

10291.17%-10272.0pp

753.11%-733.9pp

378.56%-359.4pp

Employer contribution / active EE

$172

$446-61.5%

$1,084-84.2%

$2,148-92.0%

Participant deferral / active EE

$342

$954-64.2%

$1,963-82.6%

$3,539-90.3%

Admin fee / account holder

$276

$108+156.3%

$3,335-91.7%

$142+93.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 49 · EIN 04-1590850

Other Services

$22,070

HORNOR TOWNSEND & KENT INC2 years

Service code 53 · EIN 23-1706189

Insurance Commissions

$13,348

AMERICAN FUNDS3 years

Service code 52 · EIN 22-1557722

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 13-2949519

Indirect Investment Fees

DELAWARE INVESTMENTS3 years

Service code 52 · EIN 23-2651520

Indirect Investment Fees

DWS FUNDS2 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

EATON VANCE3 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 76-0343427

Indirect Investment Fees

IVY FUNDS3 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

LEGG MASON3 years

Service code 52 · EIN 13-4146187

Indirect Investment Fees

RAZZOO'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAZZOO'S 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