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 (2023) 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 2023

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$59.9M

-11.4% from 2022

Total participants

500

+5.0% from 2022

Average account balance

$119,862

-17.4% from 2022

Annual return

-4.90%

-10.34 pp from 2022

Benchmarks

See 2,422 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,422 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
NWPS3 years Service code 15 · EIN 91-2090931 4025 DELRIDGE WAY SW, SUITE 250 · SEATTLE, WA 98106	Recordkeeping	$60,714
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009	Securities Custodian	$19,976
HUMAN INTEREST ADVISOR LLC8+ 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
RELIANT CONSULTING & RESEARCH8+ years Service code 27 · EIN 75-2971473 P.O. BOX 1806 · KINGSTON, WA 98346	Advisory (Plan)	$10,000

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$108K

$306 / participant

Investment mgmt$10K9.2%
Contract admin$61K56.1%
Other / not subdivided$37K34.6%

% of EOY assets

0.181%

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

$119,862

$99,201+20.8%

$96,544+24.2%

$74,473+60.9%

Participation rate

100.0%

80.7%+19.3pp

76.0%+24.0pp

70.7%+29.3pp

Annual return

-4.90%

22.40%-27.3pp

25.88%-30.8pp

34.36%-39.3pp

Employer contribution / active EE

$4,914

$2,570+91.2%

$2,966+65.7%

$2,638+86.3%

Participant deferral / active EE

$4,509

$4,938-8.7%

$4,851-7.1%

$4,530-0.5%

Admin fee / account holder

$216

$225-3.8%

$8,254-97.4%

$347-37.7%

Provider

Service type

Compensation

NWPS3 years

Service code 15 · EIN 91-2090931

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

Recordkeeping

$60,714

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$19,976

HUMAN INTEREST ADVISOR LLC8+ 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

RELIANT CONSULTING & RESEARCH8+ years

Service code 27 · EIN 75-2971473

P.O. BOX 1806 · KINGSTON, WA 98346

Advisory (Plan)

$10,000

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