Retirement plan

RANCE KING PROPERTIES, INC.DBA RK PROPERTIES 401(K) P/S PLAN

Name: RANCE KING PROPERTIES. INC.DBA R - RANCE KING PROPERTIES, INC.DBA RK PROPERTIES 401(K) P/S PLAN (2019) Form 5500
Creator: RANCE KING PROPERTIES. INC.DBA R
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RANCE KING PROPERTIES, INC.DBA RK PROPERTIES 401(K) P/S PLAN, RANCE KING PROPERTIES. INC.DBA R

RANCE KING PROPERTIES. INC.DBA REIN 95-3251352Plan #001PY 2019

3737 E BROADWAY - LONG BEACH, CA 90803562-240-1020LinkedIn51-200 employeesreal estate

Prospect flagsLow returnsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.4M

+25.0% from 2018

Total participants

114

-28.7% from 2018

Average account balance

$26,016

+87.5% from 2018

Annual return

15.37%

+20.34 pp from 2018

Benchmarks

See 3,605 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,605 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.98M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

134

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$302K

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

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 15 · EIN 34-1542819	Recordkeeping	$7,922
ADP BROKER-DEALER4 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$4,403
ADP BROKER-DEALER4 years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$155 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.506%

all-in expense ratio

Categories reported

0 / 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: GRIGORIAN & ASSOCIATES
Auditor EIN: 814886611
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,016

$65,395-60.2%

$182,540-85.7%

$72,975-64.4%

Participation rate

75.0%

65.4%+9.6pp

78.0%-3.0pp

69.5%+5.5pp

Annual return

15.37%

27.68%-12.3pp

148.58%-133.2pp

81.01%-65.6pp

Employer contribution / active EE

$1,926

$1,911+0.8%

$4,076-52.7%

$2,440-21.1%

Participant deferral / active EE

$2,298

$3,563-35.5%

$5,525-58.4%

$3,608-36.3%

Admin fee / account holder

$132

$4,245-96.9%

$8,593-98.5%

$5,124-97.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 15 · EIN 34-1542819

Recordkeeping

$7,922

ADP BROKER-DEALER4 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$4,403

ADP BROKER-DEALER4 years

Service code 59 · EIN 22-3319984

Shareholder Servicing

RANCE KING PROPERTIES, INC.DBA RK PROPERTIES 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RANCE KING PROPERTIES, INC.DBA RK PROPERTIES 401(K) P/S 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