Retirement plan

RICHARD HEATH & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: RICHARD HEATH & ASSOCIATES, INC. - RICHARD HEATH & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: RICHARD HEATH & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD HEATH & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, RICHARD HEATH & ASSOCIATES, INC.

RICHARD HEATH & ASSOCIATES, INC.EIN 94-2625839Plan #001PY 2020

590 W. LOCUST AVE, #103 - FRESNO, CA 93650559-447-7056rhainc.comLinkedIn201-500 employeesenvironmental services

Prospect flagsLow returnsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$5.7M

-9.6% from 2019

Total participants

227

-26.3% from 2019

Average account balance

$25,723

+23.8% from 2019

Annual return

8.26%

-3.20 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.07M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

301

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$358

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

-3.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ROCKY MOUNTAIN EMPLOYEE BENEFITS2 years Service code 13 · EIN 87-0364490 7090 SOUTH UNION PARK AVE SUITE 650 · SALT LAKE CITY, UT 84047	Contract Administrator	$46,112
REGENCY INVESTMENT ADVISORS2 years Service code 26 · EIN 77-0344391 1312 W HERNDON, SUITE 101 · FRESNO, CA 93711	Advisory (Participants)	$27,434

Plan features & details

Pension benefit codes2S2E2J2K2F2G3D2T2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$74K

$375 / participant

Investment mgmt$27K37.3%
Contract admin$46K62.7%

% of EOY assets

1.288%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KAKU & MERSINO, LLP
Auditor EIN: 770494454
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,723

$99,957-74.3%

$149,745-82.8%

$73,497-65.0%

Participation rate

97.4%

75.7%+21.7pp

82.5%+15.0pp

70.7%+26.8pp

Annual return

8.26%

53.87%-45.6pp

276.72%-268.5pp

28.51%-20.3pp

Employer contribution / active EE

$2,035

$3,191-36.2%

$4,646-56.2%

$2,270-10.4%

Participant deferral / active EE

$2,703

$6,073-55.5%

$6,843-60.5%

$3,740-27.7%

Admin fee / account holder

$331

$551-39.8%

$9,312-96.4%

$513-35.4%

Provider

Service type

Compensation

ROCKY MOUNTAIN EMPLOYEE BENEFITS2 years

Service code 13 · EIN 87-0364490

7090 SOUTH UNION PARK AVE SUITE 650 · SALT LAKE CITY, UT 84047

Contract Administrator

$46,112

REGENCY INVESTMENT ADVISORS2 years

Service code 26 · EIN 77-0344391

1312 W HERNDON, SUITE 101 · FRESNO, CA 93711

Advisory (Participants)

$27,434

RICHARD HEATH & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD HEATH & ASSOCIATES, 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