Retirement plan

TREFZ CORPORATION & ITS AFFILIATES PROFIT SHARING 401(K) PLAN

Name: TREFZ CORPORATION - TREFZ CORPORATION & ITS AFFILIATES PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: TREFZ CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TREFZ CORPORATION & ITS AFFILIATES PROFIT SHARING 401(K) PLAN, TREFZ CORPORATION

TREFZ CORPORATIONEIN 06-0862427Plan #001PY 2024

10 MIDDLE ST, 17TH FLOOR - BRIDGEPORT, CT 06604203-367-3621trefzcorp.comLinkedIn201-500 employeesrestaurants

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$22.4M

+10.0% from 2023

Total participants

1,620

+58.4% from 2023

Average account balance

$74,804

-7.2% from 2023

Annual return

8.82%

-6.03 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.44M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

300

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.

13.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$907K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$597

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

+8.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$275

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 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$22,483
SMITHBRIDGE ASSET MANAGEMENT INC3+ years Service code 21 6 HILLMAN DRIVE, SUITE 101 · CHADDS FORD, PA 19317	Bank Trustee	$21,167
CARON & BLETZER, PLLC2 years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$17,200
WILMINGTON TRUST3+ years Service code 18 · EIN 16-1486454	Consulting fees; Custodial (other tha...	$14,082

Plan features & details

Pension benefit codes2E2F2H2J2K3H2R2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$83K

$54 / participant

Recordkeeping$26K31.1%
Trustee / custodial$14K17.1%
Investment mgmt$21K25.6%
Other / not subdivided$22K26.1%

% of EOY assets

0.368%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: $17,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,804

$2,687,218-97.2%

$165,071-54.7%

$199,960-62.6%

Participation rate

13.2%

78.3%-65.0pp

78.6%-65.4pp

72.0%-58.8pp

Annual return

8.82%

17.94%-9.1pp

70.17%-61.3pp

34.28%-25.5pp

Employer contribution / active EE

$141

$2,958-95.2%

$4,347-96.8%

$3,036-95.3%

Participant deferral / active EE

$455

$5,002-90.9%

$6,035-92.5%

$5,087-91.0%

Admin fee / account holder

$275

$1,988-86.2%

$12,695-97.8%

$269+2.2%

Provider

Service type

Compensation

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$22,483

SMITHBRIDGE ASSET MANAGEMENT INC3+ years

Service code 21

6 HILLMAN DRIVE, SUITE 101 · CHADDS FORD, PA 19317

Bank Trustee

$21,167

CARON & BLETZER, PLLC2 years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

$17,200

WILMINGTON TRUST3+ years

Service code 18 · EIN 16-1486454

Consulting fees; Custodial (other tha...

$14,082

TREFZ CORPORATION & ITS AFFILIATES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TREFZ CORPORATION & ITS AFFILIATES PROFIT SHARING 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