Oh, that's even better. If you look at the RCA plugs, you will notice that there is a hole in the RCA pin on the end. This is where they would put the solder in to solder the wire to the center pin. My 598 jacks had a failure a couple of times. The solution was to heat the old soldering iron up, heat up the tip of the offending RCA and stick in some more solder. Don't position the jack with the pin up. This will invite melted solder to go up the pin inside and possibly short with the shield. Put the jack sideways, and try to use some .030 diameter solder, so that you can get some of it in the hole. I think thru the years, and with all the flexing that the cable gets, the solder point in the tip becomes work hardened and breaks, that is why I'm suggesting this as a repair.
If that fails, then you will have no choice but to put on new RCAs.
Yes, the 5th wire is ground, connected to chassis/tonearm.
I'd suggest using a meter to figure out which pin is which.
Let us know what happens.....
Wayner