Retirement plan

T.J. KATSIROUBAS & SONS, INC. 401(K) PROFIT SHARING PLAN

Name: T. J. KATSIROUBAS & SONS, INC. - T.J. KATSIROUBAS & SONS, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: T. J. KATSIROUBAS & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T.J. KATSIROUBAS & SONS, INC. 401(K) PROFIT SHARING PLAN, T. J. KATSIROUBAS & SONS, INC.

T. J. KATSIROUBAS & SONS, INC.EIN 04-2767374Plan #001PY 2019

200 MEADOW ROAD - BOSTON, MA 02136617-442-6473

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2.6M

+23.8% from 2018

Total participants

179

+2.9% from 2018

Average account balance

$27,246

+3.2% from 2018

Annual return

6.07%

-1.22 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.75M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

54.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$256K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10690

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

Top 4 by compensation

Provider	Service type	Compensation
KENNETH RYAN1 year Filed as: THE KENNETH D. ANDERSON COMPANY INC Service code 15 · EIN 22-3693983	Recordkeeping	$2,855
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$2,470
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 22 · EIN 13-2808480	Insurance Broker	$1,015
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC Service code 27 · EIN 36-3194849	Advisory (Plan)	$439

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$40 / participant

Investment mgmt$6K100.0%

% of EOY assets

0.220%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NEWBURG & COMPANY, LLP
Auditor EIN: 042805993
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,246

$49,138-44.6%

$84,021-67.6%

$65,185-58.2%

Participation rate

42.8%

60.7%-18.0pp

69.0%-26.3pp

70.2%-27.4pp

Annual return

6.07%

23.00%-16.9pp

71.32%-65.3pp

29.38%-23.3pp

Employer contribution / active EE

$454

$914-50.3%

$1,984-77.1%

$2,177-79.1%

Participant deferral / active EE

$2,724

$2,397+13.6%

$3,239-15.9%

$3,514-22.5%

Admin fee / account holder

$60

$543-88.9%

$6,102-99.0%

$847-92.9%

Provider

Service type

Compensation

KENNETH RYAN1 year

Filed as: THE KENNETH D. ANDERSON COMPANY INC

Service code 15 · EIN 22-3693983

Recordkeeping

$2,855

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$2,470

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 22 · EIN 13-2808480

Insurance Broker

$1,015

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC

Service code 27 · EIN 36-3194849

Advisory (Plan)

$439

T.J. KATSIROUBAS & SONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T.J. KATSIROUBAS & SONS, INC. 401(K) PROFIT SHARING 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