Retirement plan

RANDALL BEARINGS, INC. BARGAINING EMPLOYEES 401(K) PROFIT SHARING PLAN AND TRUST

Name: RANDALL BEARINGS, INC. - RANDALL BEARINGS, INC. BARGAINING EMPLOYEES 401(K) PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: RANDALL BEARINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RANDALL BEARINGS, INC. BARGAINING EMPLOYEES 401(K) PROFIT SHARING PLAN AND TRUST, RANDALL BEARINGS, INC.

RANDALL BEARINGS, INC.EIN 90-0850875Plan #006PY 2017

P.O. BOX 1258 - LIMA, OH 45802419-223-1075LinkedIn1-10 employeesmedical practice

Other plans on this EIN

2 filings

#005Retirement-$5.9M assets #002Retirement-$3.1M assets

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$539K

+30.1% from 2016

Total participants

-10.0% from 2016

Average account balance

$12,249

+41.9% from 2016

Annual return

19.60%

+13.01 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.56M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3798

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 codes2E2F2G2J3D

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.
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 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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$64K

$1672 / participant

Other / not subdivided$64K100.0%

% of EOY assets

11.792%

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

$12,249

$67,602-81.9%

$82,312-85.1%

$70,126-82.5%

Participation rate

97.4%

72.8%+24.6pp

76.9%+20.5pp

69.5%+27.8pp

Annual return

19.60%

21.57%-2.0pp

25.88%-6.3pp

73.15%-53.5pp

Employer contribution / active EE

$1,452

$1,755-17.3%

$2,428-40.2%

$2,343-38.0%

Participant deferral / active EE

$1,216

$2,987-59.3%

$3,706-67.2%

$3,332-63.5%

Admin fee / account holder

$1,444

$4,512-68.0%

$5,608-74.2%

$4,645-68.9%

RANDALL BEARINGS, INC. BARGAINING EMPLOYEES 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RANDALL BEARINGS, INC. BARGAINING EMPLOYEES 401(K) PROFIT SHARING PLAN AND TRUST

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