Retirement plan

THE TKL PROFIT SHARING & 401K SAVINGS PLAN

Name: TKL RESEARCH, INC. - THE TKL PROFIT SHARING & 401K SAVINGS PLAN (2018) Form 5500
Creator: TKL RESEARCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TKL PROFIT SHARING & 401K SAVINGS PLAN, TKL RESEARCH, INC.

TKL RESEARCH, INC.EIN 13-2772839Plan #001PY 2018

ONE PROMENADE BLVD, SUITE 1101/1201 - FAIR LAWN, NJ 07410201-587-0500tklresearch.comLinkedIn51-200 employeesresearch

Prospect flagsHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$14.3M

-9.2% from 2017

Total participants

241

-19.1% from 2017

Average account balance

$61,010

+4.8% from 2017

Annual return

-2.98%

-18.40 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.24M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

201

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$716K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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 7 by compensation

Provider	Service type	Compensation
SACKS, PRESS & LACHER, P.C.1 year Service code 10 · EIN 13-3050313 600 THIRD AVENUE, 18TH FLOOR · NEW YORK, NY 10016	Accounting	$17,800
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$10,835
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RETIREMENT PLAN SERV. Service code 64	Recordkeeping Fees	$7,764
MID ATLANTIC CAPITAL CORPORATION4+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RETIREMENT PLAN SVCS Service code 64 · EIN 52-1714114 PO BOX 89000 · BALTIMORE, MD 21289	Recordkeeping Fees	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES Service code 16 1 NORTHERN JEFFERSON · ST LOUIS, MO 63103	Consulting	$0

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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$48K

$328 / participant

Contract admin$30K62.8%
Other / not subdivided$18K37.2%

% of EOY assets

0.335%

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: SACKS PRESS & LACHER, PC
Auditor EIN: 133050313
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,010

$44,873+36.0%

$79,466-23.2%

$56,287+8.4%

Participation rate

95.2%

68.7%+26.5pp

73.3%+21.9pp

69.9%+25.4pp

Annual return

-2.98%

0.81%-3.8pp

718.28%-721.3pp

-9.96%+7.0pp

Employer contribution / active EE

$621

$2,140-71.0%

$2,800-77.8%

$2,111-70.6%

Participant deferral / active EE

$3,674

$2,746+33.8%

$3,704-0.8%

$3,350+9.7%

Admin fee / account holder

$204

$418-51.1%

$5,104-96.0%

$521-60.8%

Provider

Service type

Compensation

SACKS, PRESS & LACHER, P.C.1 year

Service code 10 · EIN 13-3050313

600 THIRD AVENUE, 18TH FLOOR · NEW YORK, NY 10016

Accounting

$17,800

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$10,835

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RETIREMENT PLAN SERV.

Service code 64

Recordkeeping Fees

$7,764

MID ATLANTIC CAPITAL CORPORATION4+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES4+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RETIREMENT PLAN SVCS

Service code 64 · EIN 52-1714114

PO BOX 89000 · BALTIMORE, MD 21289

Recordkeeping Fees

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES

Service code 16

1 NORTHERN JEFFERSON · ST LOUIS, MO 63103

Consulting

THE TKL PROFIT SHARING & 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TKL PROFIT SHARING & 401K SAVINGS 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