Retirement plan

R.D.M. ELECTRIC CO., INC. PROFIT SHARING PLAN

Name: R.D.M. ELECTRIC CO., INC. - R.D.M. ELECTRIC CO., INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: R.D.M. ELECTRIC CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.D.M. ELECTRIC CO., INC. PROFIT SHARING PLAN, R.D.M. ELECTRIC CO., INC.

R.D.M. ELECTRIC CO., INC.EIN 95-4134154Plan #002PY 2023

4260 E. BRICKELL STREET - ONTARIO, CA 91761909-591-0990

Prospect flagsLow returnsHigh feesHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$27.4M

+18.4% from 2022

Total participants

258

+12.7% from 2022

Average account balance

$127,065

+25.5% from 2022

Annual return

13.61%

+27.77 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.54M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

194

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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 3 by compensation

Provider	Service type	Compensation
CHARLES W. MASON & ASSOCIATES, INC.8 years Service code 26 7474 N. FIGUEROA ST · LOS ANGELES, CA 90041	Advisory (Participants)	$56,116
CALIFORNIA PENSION ADMIN8 years Service code 14 · EIN 95-2792979 1 ORCHARD ROAD STE 220 · LAKE FOREST, CA 92630	Plan Administrator	$24,424
MG TRUST LLC & MSCS LLC8 years Service code 19 · EIN 75-3182674 717 17TH ST, STE. 1300 · DENVER, CO 80202	Securities Custodian	$10,835

Plan features & details

Pension benefit codes2A2E2F2G2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$91K

$448 / participant

Recordkeeping$24K26.7%
Trustee / custodial$11K11.9%
Investment mgmt$56K61.4%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MICHAEL J. CONKEY & ASSOCIATES
Auditor EIN: 274136222
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,065

$76,696+65.7%

$96,515+31.7%

$71,511+77.7%

Participation rate

79.4%

66.6%+12.8pp

74.3%+5.1pp

67.9%+11.5pp

Annual return

13.61%

48.32%-34.7pp

35.73%-22.1pp

28.86%-15.2pp

Employer contribution / active EE

$13,663

$3,032+350.7%

$3,740+265.4%

$2,589+427.7%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$423

$2,030-79.2%

$6,735-93.7%

$1,588-73.4%

Provider

Service type

Compensation

CHARLES W. MASON & ASSOCIATES, INC.8 years

Service code 26

7474 N. FIGUEROA ST · LOS ANGELES, CA 90041

Advisory (Participants)

$56,116

CALIFORNIA PENSION ADMIN8 years

Service code 14 · EIN 95-2792979

1 ORCHARD ROAD STE 220 · LAKE FOREST, CA 92630

Plan Administrator

$24,424

MG TRUST LLC & MSCS LLC8 years

Service code 19 · EIN 75-3182674

717 17TH ST, STE. 1300 · DENVER, CO 80202

Securities Custodian

$10,835

R.D.M. ELECTRIC CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.D.M. ELECTRIC CO., INC. 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