Retirement plan

TOYOTA TSUSHO AMERICA, INC. ENTERPRISE MULTIPLE EMPLOYER PLAN

Name: TOYOTA TSUSHO AMERICA, INC. - TOYOTA TSUSHO AMERICA, INC. ENTERPRISE MULTIPLE EMPLOYER PLAN (2023) Form 5500
Creator: TOYOTA TSUSHO AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOYOTA TSUSHO AMERICA, INC. ENTERPRISE MULTIPLE EMPLOYER PLAN, TOYOTA TSUSHO AMERICA, INC.

TOYOTA TSUSHO AMERICA, INC.EIN 13-1943519Plan #333PY 2023

700 TRIPORT ROAD - GEORGETOWN, KY 40324502-868-3487taiamerica.comLinkedIn10001+ employeesinternational trade and development

Other plans on this EIN

1 filing

#001Retirement-$270.0M assets

Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.8M

-21.2% from 2021

Total participants

1,895

-10.8% from 2021

Average account balance

$11,772

-7.8% from 2021

Annual return

16.58%

-16.02 pp from 2021

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.20M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

1,350

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.

63.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.48M

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$95,764
PINNACLE FINANCIAL SERVICES, INC.3 years Service code 15 · EIN 59-2438373	Recordkeeping	$34,418
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MML INVESTORS SERVICES LLC Service code 27 · EIN 04-1590850	Advisory (Plan)	$21,416
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$21,415
TEMPLETON & COMPANY LLP2 years Service code 10 · EIN 14-1918990	Accounting	$18,500
3(16) FIDUCIARY SERVICES CORP3 years Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO Service code 14 · EIN 45-4813650	Plan Administrator	$5,496

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H2S2X

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$168K

$131 / participant

Investment mgmt$151K90.2%
Other / not subdivided$16K9.8%

% of EOY assets

0.998%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: $11,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,772

$52,960-77.8%

$86,681-86.4%

$80,187-85.3%

Participation rate

63.4%

62.4%+1.0pp

71.7%-8.3pp

72.9%-9.5pp

Annual return

16.58%

24.84%-8.3pp

593.32%-576.7pp

40.40%-23.8pp

Employer contribution / active EE

$830

$2,138-61.2%

$3,026-72.6%

$2,980-72.1%

Participant deferral / active EE

$1,894

$3,226-41.3%

$4,440-57.3%

$5,016-62.2%

Admin fee / account holder

$118

$113+3.8%

$5,620-97.9%

$145-19.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$95,764

PINNACLE FINANCIAL SERVICES, INC.3 years

Service code 15 · EIN 59-2438373

Recordkeeping

$34,418

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MML INVESTORS SERVICES LLC

Service code 27 · EIN 04-1590850

Advisory (Plan)

$21,416

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$21,415

TEMPLETON & COMPANY LLP2 years

Service code 10 · EIN 14-1918990

Accounting

$18,500

3(16) FIDUCIARY SERVICES CORP3 years

Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO

Service code 14 · EIN 45-4813650

Plan Administrator

$5,496

TOYOTA TSUSHO AMERICA, INC. ENTERPRISE MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOYOTA TSUSHO AMERICA, INC. ENTERPRISE MULTIPLE EMPLOYER 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