Retirement plan

T.E.S.C., INC.401(K) RETIREMENT PLAN

Name: T.E.S.C., INC. DBA EDWARDS SALES COMPANY - T.E.S.C., INC.401(K) RETIREMENT PLAN (2020) Form 5500
Creator: T.E.S.C., INC. DBA EDWARDS SALES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T.E.S.C., INC.401(K) RETIREMENT PLAN, T.E.S.C., INC. DBA EDWARDS SALES COMPANY

T.E.S.C., INC. DBA EDWARDS SALES COMPANYEIN 03-0532393Plan #001PY 2020

13320 PROVIDENCE LAKE DR - MILTON, GA 30004770-381-0651

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+24.0% from 2019

Total participants

0.0% from 2019

Average account balance

$182,673

+24.0% from 2019

Annual return

10.85%

-14.30 pp from 2019

Benchmarks

See 22,200 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,200 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$72K

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

+10.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44750

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 codes2E2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$182,673

$162,785+12.2%

$133,959+36.4%

$158,950+14.9%

Participation rate

85.7%

83.2%+2.5pp

79.8%+5.9pp

82.0%+3.8pp

Annual return

10.85%

41.94%-31.1pp

45.09%-34.2pp

302.91%-292.1pp

Employer contribution / active EE

$5,310

$4,975+6.7%

$3,919+35.5%

$4,762+11.5%

Participant deferral / active EE

$11,325

$5,910+91.6%

$5,047+124.4%

$5,983+89.3%

Admin fee / account holder

$11,738-100.0%

$8,928-100.0%

$11,248-100.0%

T.E.S.C., INC.401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

T.E.S.C., INC.401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion