Retirement plan

TILSON 401(K) PLAN

Name: TILSON TECHNOLOGY MANAGEMENT, INC. - TILSON 401(K) PLAN (2023) Form 5500
Creator: TILSON TECHNOLOGY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TILSON 401(K) PLAN, TILSON TECHNOLOGY MANAGEMENT, INC.

TILSON TECHNOLOGY MANAGEMENT, INC.EIN 01-0509537Plan #001PY 2023

16 MIDDLE STREET, 4TH FLOOR - PORTLAND, ME 04101207-591-6427

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$26.7M

+50.9% from 2022

Total participants

1,472

+32.0% from 2022

Average account balance

$19,174

+0.4% from 2022

Annual return

30.90%

+45.68 pp from 2022

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.35M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

569

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$97,892
GUIDANCE POINT RETIREMENT SERVICES8 years Service code 27 · EIN 45-4118952	Advisory (Plan)	$5,000

Plan features & details

Pension benefit codes2G2J2K2T2E3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$103K

$96 / participant

Recordkeeping$97K94.0%
Investment mgmt$5K4.9%
Contract admin$1K1.2%

% of EOY assets

0.386%

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: BERRY, DUNN, MCNEIL & PARKER
Auditor EIN: 010523282
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,174

$107,415-82.2%

$135,974-85.9%

$80,157-76.1%

Participation rate

92.5%

78.0%+14.5pp

81.9%+10.6pp

72.9%+19.6pp

Annual return

30.90%

91.99%-61.1pp

68.30%-37.4pp

40.39%-9.5pp

Employer contribution / active EE

$2,107

$3,878-45.7%

$4,859-56.6%

$2,977-29.2%

Participant deferral / active EE

$4,715

$8,189-42.4%

$7,760-39.2%

$5,015-6.0%

Admin fee / account holder

$74

$127-41.8%

$10,767-99.3%

$145-49.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$97,892

GUIDANCE POINT RETIREMENT SERVICES8 years

Service code 27 · EIN 45-4118952

Advisory (Plan)

$5,000

TILSON 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TILSON 401(K) 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