Retirement plan

TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN

Name: TOSHIBA AMERICA, INC - TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: TOSHIBA AMERICA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN, TOSHIBA AMERICA, INC

TOSHIBA AMERICA, INCEIN 13-3503896Plan #010PY 2024

5241 CALIFORNIA AVENUE, SUITE 200 - IRVINE, CA 92617949-461-4582LinkedIn1-10 employeesmedical devices

Prospect flagsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$511.7M

+7.3% from 2023

Total participants

1,597

-4.9% from 2023

Average account balance

$328,867

+13.1% from 2023

Annual return

15.09%

-3.94 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort262 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$511.72M

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

1,556

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$176

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$95,414
CAPFINANCIAL PARTNERS LLC3 years Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$67,514
GROOM LAW GROUP7 years Filed as: GROOM LAW GROUP, CHARTERED Service code 29 PO BOX 2598 · RINCON, GA 31326	Legal	$61,035
DELOITTE & TOUCHE LLP3 years Filed as: DELOITTE TAX LLP Service code 10 P.O. BOX 844736 · DALLAS, TX 75284	Accounting	$24,885
MILLER KAPLAN ARASE LLP9 years Filed as: MILLER, KAPLAN, ARASE & CO., LLP Service code 10 4123 LANDERSHIM BLVD · NORTH HOLLYWOOD, CA 91602	Accounting	$22,600

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$274K

$456 / participant

Recordkeeping$78K28.4%
Investment mgmt$70K25.6%
Legal$61K22.3%
Other / not subdivided$65K23.7%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WEINSTEIN SPIRA
Auditor EIN: 742181616
Audit fees: $47,485
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$328,867

$89,588+267.1%

$136,007+141.8%

$77,643+323.6%

Participation rate

93.2%

74.3%+18.9pp

76.5%+16.7pp

70.6%+22.6pp

Annual return

15.09%

17.42%-2.3pp

579.32%-564.2pp

31.24%-16.1pp

Employer contribution / active EE

$6,838

$3,491+95.9%

$4,217+62.2%

$2,726+150.9%

Participant deferral / active EE

$15,290

$5,591+173.4%

$7,025+117.7%

$4,647+229.0%

Admin fee / account holder

$176

$539-67.3%

$6,858-97.4%

$430-59.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$95,414

CAPFINANCIAL PARTNERS LLC3 years

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$67,514

GROOM LAW GROUP7 years

Filed as: GROOM LAW GROUP, CHARTERED

Service code 29

PO BOX 2598 · RINCON, GA 31326

Legal

$61,035

DELOITTE & TOUCHE LLP3 years

Filed as: DELOITTE TAX LLP

Service code 10

P.O. BOX 844736 · DALLAS, TX 75284

Accounting

$24,885

MILLER KAPLAN ARASE LLP9 years

Filed as: MILLER, KAPLAN, ARASE & CO., LLP

Service code 10

4123 LANDERSHIM BLVD · NORTH HOLLYWOOD, CA 91602

Accounting

$22,600

TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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