Retirement plan

TECHNOLOGENT 401(K) PLAN

Name: THOMAS GALLAWAY CORPORATION DBA TECHNOLOGENT - TECHNOLOGENT 401(K) PLAN (2023) Form 5500
Creator: THOMAS GALLAWAY CORPORATION DBA TECHNOLOGENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHNOLOGENT 401(K) PLAN, THOMAS GALLAWAY CORPORATION DBA TECHNOLOGENT

THOMAS GALLAWAY CORPORATION DBA TECHNOLOGENTEIN 04-3589773Plan #001PY 2023

100 SPECTRUM CENTER DRIVE SUITE 700 - IRVINE, CA 92618949-716-9500

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$27.1M

+30.4% from 2022

Total participants

322

-4.5% from 2022

Average account balance

$97,064

+42.5% from 2022

Annual return

19.52%

+35.74 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.26M

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.

293

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.

83.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 10 · EIN 35-1140070 1300 S CLINTON STREET · FORT WAYNE, IN 468012248	Accounting	$48,996
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$23,286
PENSION PROFESSIONALS, INC.6 years Service code 13 · EIN 33-0001862 30212 TOMAS SUITE 275 · RANCHO SANTA MARGARITA, CA 92688	Contract Administrator	$12,185
PRICEKUBECKA PLLC1 year Filed as: PRICEKUBEKA, PLLC Service code 10 · EIN 75-2783674 16775 ADDISON RD · ADDISON, TX 75001	Accounting	$9,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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

$57K

$209 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.210%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA PLLC
Auditor EIN: 752783674
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,064

$95,417+1.7%

$135,974-28.6%

$74,460+30.4%

Participation rate

84.1%

78.2%+5.9pp

81.9%+2.2pp

70.7%+13.4pp

Annual return

19.52%

32.76%-13.2pp

68.30%-48.8pp

34.38%-14.9pp

Employer contribution / active EE

$401

$3,878-89.7%

$4,859-91.7%

$2,638-84.8%

Participant deferral / active EE

$10,861

$7,789+39.4%

$7,760+40.0%

$4,530+139.8%

Admin fee / account holder

$203

$266-23.6%

$10,767-98.1%

$348-41.5%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 10 · EIN 35-1140070

1300 S CLINTON STREET · FORT WAYNE, IN 468012248

Accounting

$48,996

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27 · EIN 47-1411118

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$23,286

PENSION PROFESSIONALS, INC.6 years

Service code 13 · EIN 33-0001862

30212 TOMAS SUITE 275 · RANCHO SANTA MARGARITA, CA 92688

Contract Administrator

$12,185

PRICEKUBECKA PLLC1 year

Filed as: PRICEKUBEKA, PLLC

Service code 10 · EIN 75-2783674

16775 ADDISON RD · ADDISON, TX 75001

Accounting

$9,750

TECHNOLOGENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHNOLOGENT 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