Retirement plan

TRITON SYSTEMS, INC. SAVINGS PLAN

Name: TRITON SYSTEMS , INC. - TRITON SYSTEMS, INC. SAVINGS PLAN (2023) Form 5500
Creator: TRITON SYSTEMS , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRITON SYSTEMS, INC. SAVINGS PLAN, TRITON SYSTEMS , INC.

TRITON SYSTEMS , INC.EIN 04-3157697Plan #001PY 2023

330 BILLERICA RD STE 200 - CHELMSFORD, MA 018244140978-856-4137tritonsystems.comLinkedIn51-200 employeesdefense & space

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.8M

+23.5% from 2022

Total participants

204

-14.6% from 2022

Average account balance

$94,300

+10.5% from 2022

Annual return

18.96%

+36.20 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.55M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

207

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+19.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$472

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK5 years Service code 26 · EIN 04-2675571	Advisory (Participants)	$33,411

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$80K

$665 / participant

Contract admin$80K100.0%

% of EOY assets

0.425%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY GRAY AND GRAY
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,300

$71,534+31.8%

$98,462-4.2%

$71,529+31.8%

Participation rate

95.8%

72.7%+23.1pp

75.2%+20.7pp

67.9%+27.9pp

Annual return

18.96%

32.44%-13.5pp

21.17%-2.2pp

28.97%-10.0pp

Employer contribution / active EE

$4,864

$2,399+102.7%

$3,049+59.5%

$2,590+87.8%

Participant deferral / active EE

$10,724

$4,109+161.0%

$4,738+126.3%

$4,291+149.9%

Admin fee / account holder

$401

$1,677-76.1%

$8,875-95.5%

$1,588-74.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK5 years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$33,411

TRITON SYSTEMS, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRITON SYSTEMS, INC. SAVINGS 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