Retirement plan
AIRBORNE TACTICAL ADVANTAGE COMPANY, LLC RETIREMENT PLAN
TEXTRON INC,EIN 05-0315468Plan #301PY 2016
Prospect flagsHigh feesLow participationLow fidelity bond
Filing contacts
From the Form 5500, federal recordPlan administrator signer
TAMARA BOWMAN
Signed 07/13/2017
Summary metrics
Total assets (EOY)
$3.3M
No prior year
Total participants
94
No prior year
Average account balance
$47,332
No prior year
Annual return
7.08%
+107.19 pp from 2017
Benchmarks
Peer group
Industry92 - Public Administration
Plan typeDefined contribution
Participants25-99
Cohort107 peers
Snapshot2016
79
Participant deferral / active EE
$5,555
median $2,142
59
Employer contribution / active EE
$2,009
median $1,468
33
Participation rate
68.8%
median 90.9%
71
Avg account balance
$47,332
median $24,042
51
Admin fee / account holder
$1,024
median $1,210
44
Annual return
7.08%
median 7.30%
Overall peer rank
56of 100
56th percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Top hat statement on fileNQDC
Filed December 15, 1995 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes2E2F2G2J2K2R2T3D3F
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
Opportunity flags
3 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Expense breakdown
Schedule H Part II
Admin total
$71K
$883 / participant
- Other / not subdivided$71K100.0%
% of EOY assets
2.164%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -