Retirement plan

ROGERS MACHINERY COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: ROGERS MACHINERY COMPANY, INC. - ROGERS MACHINERY COMPANY, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: ROGERS MACHINERY COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROGERS MACHINERY COMPANY, INC. 401(K) PROFIT SHARING PLAN, ROGERS MACHINERY COMPANY, INC.

ROGERS MACHINERY COMPANY, INC.EIN 93-0367459Plan #001PY 2021

P.O. BOX 230429 - PORTLAND, OR 97281503-639-0808rogers-machinery.comLinkedIn201-500 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$61.9M

+32.7% from 2020

Total participants

331

-17.5% from 2020

Average account balance

$188,690

+57.8% from 2020

Annual return

37.35%

+44.41 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.85M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

560

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+5.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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 5 by compensation

Provider	Service type	Compensation
NWPS1 year Service code 15 · EIN 91-2090931 4025 DELRIDGE WAY SW, SUITE 250 · SEATTLE, WA 98106	Recordkeeping	$51,385
HUMAN INTEREST ADVISOR LLC6+ years Filed as: HUMAN INVESTING Service code 26 · EIN 74-3130983 5335 SW MEADOWS RD, STE 450 · LAKE OSWEGO, OR 97035	Advisory (Participants)	$17,500
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009 211 MAIN ST, 14TH FLOOR · SAN FRANCISCO, CA 94105	Securities Custodian	$17,360
SHANNON & ASSOCIATES, LLP6+ years Service code 10 · EIN 91-1125800 1851 CENTRAL PLACE S, SUITE 225 · KENT, WA 98030	Accounting	$11,750
RELIANT CONSULTING & RESEARCH6+ years Service code 27 · EIN 75-2971473 P.O. BOX 1806 · KINGSTON, WA 98346	Advisory (Plan)	$11,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$109K

$376 / participant

Investment mgmt$11K10.1%
Contract admin$51K47.1%
Other / not subdivided$47K42.8%

% of EOY assets

0.176%

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: SHANNON & ASSOCIATES, LLP
Auditor EIN: 911125800
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$188,690

$185,342+1.8%

$111,306+69.5%

$86,821+117.3%

Participation rate

99.0%

81.0%+18.0pp

77.3%+21.6pp

72.3%+26.7pp

Annual return

37.35%

500.80%-463.4pp

54.67%-17.3pp

97.94%-60.6pp

Employer contribution / active EE

$10,134

$2,246+351.2%

$2,732+271.0%

$2,406+321.2%

Participant deferral / active EE

$3,921

$4,458-12.0%

$4,488-12.6%

$4,132-5.1%

Admin fee / account holder

$332

$255+30.1%

$7,966-95.8%

$170+96.0%

Provider

Service type

Compensation

NWPS1 year

Service code 15 · EIN 91-2090931

4025 DELRIDGE WAY SW, SUITE 250 · SEATTLE, WA 98106

Recordkeeping

$51,385

HUMAN INTEREST ADVISOR LLC6+ years

Filed as: HUMAN INVESTING

Service code 26 · EIN 74-3130983

5335 SW MEADOWS RD, STE 450 · LAKE OSWEGO, OR 97035

Advisory (Participants)

$17,500

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

211 MAIN ST, 14TH FLOOR · SAN FRANCISCO, CA 94105

Securities Custodian

$17,360

SHANNON & ASSOCIATES, LLP6+ years

Service code 10 · EIN 91-1125800

1851 CENTRAL PLACE S, SUITE 225 · KENT, WA 98030

Accounting

$11,750

RELIANT CONSULTING & RESEARCH6+ years

Service code 27 · EIN 75-2971473

P.O. BOX 1806 · KINGSTON, WA 98346

Advisory (Plan)

$11,000

ROGERS MACHINERY COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROGERS MACHINERY COMPANY, INC. 401(K) PROFIT SHARING 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