Retirement plan

RUEN DRILLING, INC. 401(K) PLAN

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

RUEN DRILLING, INC.EIN 82-0369196Plan #001PY 2019

P.O. BOX 267 - CLARK FORK, ID 83811208-266-1151ruendrilling.comLinkedIn11-50 employeesrenewables & environment

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.7M

+28.1% from 2018

Total participants

191

+4.9% from 2018

Average account balance

$68,640

+19.8% from 2018

Annual return

24.00%

+29.55 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.68M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

170

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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
DIGITAL RETIREMENT SOLUTIONS, INC.5+ years Service code 12 · EIN 84-1477138	Claims processing; Direct payment fro...	$1,965
NEWPORT GROUP, INC.5+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048	Shareholder servicing fees; Float rev...	$800

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3K

$21 / participant

Contract admin$2K71.1%
Other / not subdivided$80028.9%

% of EOY assets

0.024%

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: PRESNELL GAGE, PLLC
Auditor EIN: 201943775
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,640

$63,114+8.8%

$92,903-26.1%

$65,185+5.3%

Participation rate

83.7%

68.8%+14.9pp

76.0%+7.7pp

70.2%+13.5pp

Annual return

24.00%

28.75%-4.8pp

109.43%-85.4pp

29.38%-5.4pp

Employer contribution / active EE

$4,835

$2,571+88.1%

$3,653+32.4%

$2,177+122.1%

Participant deferral / active EE

$6,865

$3,108+120.9%

$4,238+62.0%

$3,514+95.4%

Admin fee / account holder

$16

$624-97.4%

$5,795-99.7%

$847-98.1%

Provider

Service type

Compensation

DIGITAL RETIREMENT SOLUTIONS, INC.5+ years

Service code 12 · EIN 84-1477138

Claims processing; Direct payment fro...

$1,965

NEWPORT GROUP, INC.5+ years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 18 · EIN 20-1591048

Shareholder servicing fees; Float rev...

$800

RUEN DRILLING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUEN DRILLING, INC. 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