Retirement plan

RSCI, INC. RETIREMENT PLAN

Name: RSCI, INC. DBA RECORD STEEL & CONSTRUCTION, INC. - RSCI, INC. RETIREMENT PLAN (2022) Form 5500
Creator: RSCI, INC. DBA RECORD STEEL & CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RSCI, INC. RETIREMENT PLAN, RSCI, INC. DBA RECORD STEEL & CONSTRUCTION, INC.

RSCI, INC. DBA RECORD STEEL & CONSTRUCTION, INC.EIN 82-0421355Plan #002PY 2022

333 W. ROSSI ST. STE. 200 - BOISE, ID 83706208-887-1401rscigroup.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.7M

-16.2% from 2021

Total participants

356

+5.6% from 2021

Average account balance

$34,238

-22.1% from 2021

Annual return

-18.94%

-33.90 pp from 2021

Benchmarks

See 3,001 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.30M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

255

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$523

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 4 by compensation

Provider	Service type	Compensation
TOWNSQUARE CAPITAL LLC5 years Filed as: TOWNSQUARE CAPITAL, INC. Service code 27 5314 RIVER RUN DR., STE. 300 · PROVO, UT 84604	Advisory (Plan)	$49,163
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$45,211
PINNACLE PENSION SERVICES8+ years Service code 13 · EIN 82-0433443 3101 W MAIN ST, STE 100 · BOISE, ID 83702	Contract Administrator	$15,406
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,225

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$116K

$525 / participant

Investment mgmt$97K83.6%
Contract admin$19K16.4%

% of EOY assets

0.991%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEAVITT, CHRISTENSEN & CO.
Auditor EIN: 820398216
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,238

$64,138-46.6%

$112,258-69.5%

$66,930-48.8%

Participation rate

93.7%

68.5%+25.2pp

75.1%+18.6pp

69.8%+23.9pp

Annual return

-18.94%

-13.81%-5.1pp

27.47%-46.4pp

1.57%-20.5pp

Employer contribution / active EE

$9,151

$3,006+204.4%

$3,636+151.7%

$2,545+259.6%

Participant deferral / active EE

$4,740

$3,694+28.3%

$4,728+0.2%

$4,238+11.8%

Admin fee / account holder

$339

$625-45.8%

$6,411-94.7%

$593-42.8%

Provider

Service type

Compensation

TOWNSQUARE CAPITAL LLC5 years

Filed as: TOWNSQUARE CAPITAL, INC.

Service code 27

5314 RIVER RUN DR., STE. 300 · PROVO, UT 84604

Advisory (Plan)

$49,163

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$45,211

PINNACLE PENSION SERVICES8+ years

Service code 13 · EIN 82-0433443

3101 W MAIN ST, STE 100 · BOISE, ID 83702

Contract Administrator

$15,406

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,225

RSCI, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RSCI, INC. RETIREMENT 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