Retirement plan

REV RENEWABLES OPS, LLC 401(K) PLAN

Name: REV RENEWABLES OPS, LLC - REV RENEWABLES OPS, LLC 401(K) PLAN (2022) Form 5500
Creator: REV RENEWABLES OPS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REV RENEWABLES OPS, LLC 401(K) PLAN, REV RENEWABLES OPS, LLC

REV RENEWABLES OPS, LLCEIN 86-3701146Plan #001PY 2022

575 FIFTH AVENUE, SUITE 2501 - NEW YORK, NY 10017347-629-7100revrenewables.comLinkedIn51-200 employeesrenewables & environment

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$13.7M

+14.5% from 2021

Total participants

120

+79.1% from 2021

Average account balance

$116,844

-38.3% from 2021

Annual return

-5.78%

-5.78 pp from 2021

Benchmarks

See 181 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort181 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.47M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

175

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+18.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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

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 codes2G2J2T3B2E3D2F

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$146K

$1386 / participant

Other / not subdivided$146K100.0%

% of EOY assets

1.065%

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

$116,844

$99,016+18.0%

$93,759+24.6%

$66,930+74.6%

Participation rate

97.1%

82.1%+15.0pp

81.0%+16.2pp

69.8%+27.3pp

Annual return

-5.78%

-14.59%+8.8pp

-11.33%+5.6pp

1.57%-7.4pp

Employer contribution / active EE

$11,418

$4,769+139.4%

$4,324+164.1%

$2,545+348.7%

Participant deferral / active EE

$12,907

$6,689+93.0%

$6,096+111.8%

$4,238+204.6%

Admin fee / account holder

$1,244

$477+160.6%

$7,197-82.7%

$593+109.7%

REV RENEWABLES OPS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REV RENEWABLES OPS, LLC 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