Retirement plan

EMPLOYEE BENEFIT PLAN OF TWIN OAKS SOFTWARE DEVELOPMENT, INC.

Name: TWIN OAKS SOFTWARE DEVELOPMENT, INC. - EMPLOYEE BENEFIT PLAN OF TWIN OAKS SOFTWARE DEVELOPMENT, INC. (2020) Form 5500
Creator: TWIN OAKS SOFTWARE DEVELOPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF TWIN OAKS SOFTWARE DEVELOPMENT, INC., TWIN OAKS SOFTWARE DEVELOPMENT, INC.

TWIN OAKS SOFTWARE DEVELOPMENT, INC.EIN 03-0328434Plan #001PY 2020

1463 BERLIN TPKE - BERLIN, CT 060373209860-829-6000tosdcorporation.comLinkedIn1-10 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.1M

+19.7% from 2019

Total participants

-2.4% from 2019

Average account balance

$127,926

+18.2% from 2019

Annual return

17.71%

-5.88 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.10M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

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.

160.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$274K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3748

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

0 years with F_SCH_H allocation on file

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

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.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$98K

$2132 / participant

Other / not subdivided$98K100.0%

% of EOY assets

0.971%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,926

$98,760+29.5%

$149,715-14.6%

$79,858+60.2%

Participation rate

97.8%

75.8%+22.0pp

82.5%+15.3pp

69.6%+28.2pp

Annual return

17.71%

27.43%-9.7pp

276.66%-259.0pp

31.72%-14.0pp

Employer contribution / active EE

$600

$3,217-81.3%

$4,645-87.1%

$2,471-75.7%

Participant deferral / active EE

$4,886

$5,681-14.0%

$6,842-28.6%

$3,740+30.6%

Admin fee / account holder

$1,242

$6,053-79.5%

$9,310-86.7%

$5,306-76.6%

EMPLOYEE BENEFIT PLAN OF TWIN OAKS SOFTWARE DEVELOPMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF TWIN OAKS SOFTWARE DEVELOPMENT, INC.

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