Retirement plan

TRONCONI SEGARRA & ASSOCIATES LLP 401(K) PROFIT SHARING PLAN

Name: TRONCONI SEGARRA & ASSOCIATES LLP - TRONCONI SEGARRA & ASSOCIATES LLP 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: TRONCONI SEGARRA & ASSOCIATES LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRONCONI SEGARRA & ASSOCIATES LLP 401(K) PROFIT SHARING PLAN, TRONCONI SEGARRA & ASSOCIATES LLP

TRONCONI SEGARRA & ASSOCIATES LLPEIN 04-3728817Plan #001PY 2022

8321 MAIN STREET - WILLIAMSVILLE, NY 14221716-633-1373tsacpa.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.8M

-14.4% from 2021

Total participants

165

+4.4% from 2021

Average account balance

$89,330

-17.2% from 2021

Annual return

-15.69%

-27.06 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.80M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

158

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$407

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 6 by compensation

Provider	Service type	Compensation
WATERFORD ADVISORS6 years Service code 27 3858 N BUFFALO RD STE 2 · ORCHARD PARK, NY 14127	Advisory (Plan)	$27,500
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$26,887
EPIC RETIREMENT PLAN SERVICES6 years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 13	Contract Administrator	$9,167
LINWOOD INVESTMENT ADVISORS2 years Service code 71 4455 GENESEE STREET SUITE 121 · BUFFALO, NY 14225	Brokerage Fees	$8,613
EPIC RETIREMENT PLAN SERVICES2 years Filed as: P & A RETIREMENT PLAN SERVICES INC Service code 13 17 COURT STREET, SUITE 300 · BUFFALO, NY 14202	Contract Administrator	$1,330
TD AMERITRADE, INC.2 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$57K

$488 / participant

Investment mgmt$28K48.5%
Contract admin$29K51.5%

% of EOY assets

0.412%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MENGEL METZGER BARR AND CO LLP
Auditor EIN: 161092234
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,330

$84,493+5.7%

$125,381-28.8%

$66,938+33.5%

Participation rate

90.5%

76.4%+14.1pp

82.4%+8.1pp

69.8%+20.7pp

Annual return

-15.69%

-8.49%-7.2pp

572.31%-588.0pp

1.58%-17.3pp

Employer contribution / active EE

$1,160

$3,554-67.4%

$4,815-75.9%

$2,545-54.4%

Participant deferral / active EE

$7,852

$6,783+15.7%

$7,448+5.4%

$4,238+85.3%

Admin fee / account holder

$368

$685-46.3%

$10,007-96.3%

$594-38.0%

Provider

Service type

Compensation

WATERFORD ADVISORS6 years

Service code 27

3858 N BUFFALO RD STE 2 · ORCHARD PARK, NY 14127

Advisory (Plan)

$27,500

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$26,887

EPIC RETIREMENT PLAN SERVICES6 years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 13

Contract Administrator

$9,167

LINWOOD INVESTMENT ADVISORS2 years

Service code 71

4455 GENESEE STREET SUITE 121 · BUFFALO, NY 14225

Brokerage Fees

$8,613

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: P & A RETIREMENT PLAN SERVICES INC

Service code 13

17 COURT STREET, SUITE 300 · BUFFALO, NY 14202

Contract Administrator

$1,330

TD AMERITRADE, INC.2 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

TRONCONI SEGARRA & ASSOCIATES LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRONCONI SEGARRA & ASSOCIATES LLP 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