Retirement plan

TRIAD 401K SAVINGS PLAN

TRIAD NATIONAL SECURITY, LLCEIN 82-3291283Plan #002PY 2022
BIKINI ATOLL RD, SM 30 - LOS ALAMOS, NM 87545505-695-6568
Prospect flagsHigh assets / participantLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(505) 695-6568
Plan administrator signer
MELINDA OLSWANG
Signed 10/12/2023
Plan administrator entity
BENEFITS AND INVESTMENT COMMITTEE TRIAD
EIN 823291283

Summary metrics

Total assets (EOY)
$750.2M
-16.7% from 2019
Total participants
3,260
+5.0% from 2019
Average account balance
$251,000
-19.9% from 2019
Annual return
-14.96%
-25.93 pp from 2019

Benchmarks

Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort900 peers
Snapshot2022
Participant deferral / active EE
$14,850
median $7,822
Employer contribution / active EE
$0
median $2,594
Participation rate
88.0%
median 91.5%
Avg account balance
$251,000
median $63,987
Admin fee / account holder
$90
median $91
Annual return
-14.96%
median -14.97%
Overall peer rank
54th percentileavg across 6 metrics

Analytics

2018 - 2024
Total assets (EOY)
Plan-year ending balance
$899.93M
Average account balance
Total assets / participants with a balance (line 6g)
$340K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,643
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
84.4%
Contributions (total)
Employer and participant dollars contributed each year
$32.18M
Contributions per participant
Average employer and participant contribution per enrolled participant
$16K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.45%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$76
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 7 by compensation
ProviderService typeCompensation
Service code 37 · EIN 04-2647786
Loan Processing
$134,955
Service code 21 · EIN 13-5160382
Bank Trustee
$47,934
Service code 10 · EIN 91-0189318
Accounting
$28,000
MERCER5+ years
Service code 16 · EIN 13-2834414
Consulting
$26,068
Service code 49 · EIN 13-3771734
Other Services
$25,759
Service code 29 · EIN 58-0137615
Legal
$10,781
Service code 16 · EIN 20-0361079
Consulting
$913

Top hat statement on fileNQDC

Filed April 25, 2019

Plans declared (3)

  • Triad 2018 Restoration Plan13 emp
  • Triad 401(a)(17) Restoration Plan4 emp
  • Triad Restoration Plan10 emp

Total covered: 27 employees

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3F
Plan features
  • 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.
  • 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.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$268K
$119 / participant
  • Other / not subdivided$268K100.0%
% of EOY assets
0.036%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified