Retirement plan

TCS 401(K) PLAN

Name: TATA AMERICA INTERNATIONAL CORPORATION - TCS 401(K) PLAN (2023) Form 5500
Creator: TATA AMERICA INTERNATIONAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TCS 401(K) PLAN, TATA AMERICA INTERNATIONAL CORPORATION

TATA AMERICA INTERNATIONAL CORPORATIONEIN 13-2805758Plan #001PY 2023

379 THORNALL STREET, 4TH FLOOR - EDISON, NJ 08837732-590-2600

Prospect flagsLow participationCorrective distributionsLoss discovered

How to read this page

Total assets (EOY)

$1926.2M

-30.2% from 2016

Total participants

61,832

-21.2% from 2016

Average account balance

$57,921

-11.1% from 2016

Annual return

22.58%

-12.44 pp from 2016

Benchmarks

See 103 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36B

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

34,300

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.

46.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$356.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$1,548,151
LPL FINANCIAL4 years Service code 27 · EIN 04-3046611	Advisory (Plan)	$339,060
THE WAGNER LAW GROUP2 years Service code 29 · EIN 04-3323315	Legal	$24,000
USI CONSULTING GROUP1 year Service code 16 · EIN 06-1053228	Consulting	$7,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T2X3H3J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$38 / participant

Investment mgmt$234K12.2%
Legal$5K0.2%
Contract admin$2M87.5%

% of EOY assets

0.100%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,921

$106,994-45.9%

$135,998-57.4%

$96,393-39.9%

Participation rate

43.8%

72.5%-28.8pp

81.9%-38.1pp

71.3%-27.5pp

Annual return

22.58%

26.64%-4.1pp

68.37%-45.8pp

22.88%-0.3pp

Employer contribution / active EE

$2,055

$3,391-39.4%

$4,860-57.7%

$3,239-36.5%

Participant deferral / active EE

$4,708

$7,968-40.9%

$7,761-39.3%

$5,455-13.7%

Admin fee / account holder

$58

$79-27.0%

$10,769-99.5%

$74-21.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,548,151

LPL FINANCIAL4 years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$339,060

THE WAGNER LAW GROUP2 years

Service code 29 · EIN 04-3323315

Legal

$24,000

USI CONSULTING GROUP1 year

Service code 16 · EIN 06-1053228

Consulting

$7,000

TCS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TCS 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