Retirement plan

TRAINING RESOURCES GROUP, INC. PROFIT SHARING PLAN AND TRUST

Name: TRAINING RESOURCES GROUP, INC. - TRAINING RESOURCES GROUP, INC. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: TRAINING RESOURCES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRAINING RESOURCES GROUP, INC. PROFIT SHARING PLAN AND TRUST, TRAINING RESOURCES GROUP, INC.

TRAINING RESOURCES GROUP, INC.EIN 13-2748447Plan #002PY 2023

4301 WILSON BLVD., SUITE 400 - ARLINGTON, VA 222034196703-875-8909trg-inc.comLinkedIn51-200 employeesmanagement consulting

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$19.2M

+6.6% from 2022

Total participants

122

+19.6% from 2022

Average account balance

$161,546

-12.2% from 2022

Annual return

16.30%

+35.11 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.83M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

117

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12072

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T2E2J3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$3.5M

$44662 / participant

Other / not subdivided$3M100.0%

% of EOY assets

18.121%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$161,546

$93,617+72.6%

$135,982+18.8%

$75,177+114.9%

Participation rate

96.2%

75.2%+21.0pp

81.9%+14.2pp

67.2%+28.9pp

Annual return

16.30%

30.89%-14.6pp

68.32%-52.0pp

160.75%-144.5pp

Employer contribution / active EE

$12,580

$3,538+255.5%

$4,859+158.9%

$2,671+371.0%

Participant deferral / active EE

$9,192

$6,406+43.5%

$7,760+18.4%

$4,126+122.7%

Admin fee / account holder

$29,274

$6,980+319.4%

$10,767+171.9%

$5,651+418.0%

TRAINING RESOURCES GROUP, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRAINING RESOURCES GROUP, INC. PROFIT SHARING PLAN AND TRUST

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