Retirement plan

TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN

Name: TOSHIBA AMERICA, INC. - TOSHIBA AMERICA, INC. 401(K) SAVINGS PLAN (2016) 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, INC.EIN 13-3503896Plan #010PY 2016

5241 CALIFORNIA AVENUE, SUITE 200 - IRVINE, CA 92617949-461-4043LinkedIn1-10 employeesmedical devices

Other plans on this EIN

1 filing

#001Retirement-$109.7M assets

Prospect flagsLow returnsLow participationFailed 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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Total assets (EOY)

$614.5M

-2.4% from 2015

Total participants

6,138

+42.5% from 2015

Average account balance

$130,052

-22.2% from 2015

Annual return

1.51%

-0.09 pp from 2015

Benchmarks

See 142 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort142 peers

Snapshot2016

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

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 8 by compensation

Provider	Service type	Compensation
GROOM LAW GROUP2+ years Filed as: GROOM LAW GROUP CHARTERED Service code 29 DEPARTMENT #0589 · WASHINGTON, DC 20073	Legal	$264,878
PORTFOLIO EVALUATIONS, INC.2+ years Filed as: PORTFOLIO EVALUATIONS INC Service code 16 15 INDEPENDENCE BLVD · WARREN, NJ 07059	Consulting	$53,938
MORNINGSTAR2+ years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$50,196
HEWITT ASSOCIATES LLC1 year Service code 16 PO BOX 95135 · CHICAGO, IL 60694	Consulting	$37,958
MILLER KAPLAN ARASE LLP1 year Filed as: MILLER, KAPLAN, ARASE & CO., LLP Service code 10 PO BOX 2598 · RINCON, GA 31326	Accounting	$32,500
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$31,098
MERCER2+ years Service code 16 PO BOX 100260 · PASADENA, CA 91189	Consulting	$27,882
DST ASSET MANAGER SOLUTIONS, INC.1 year Filed as: TAI-SSC ACCOUNTING Service code 10 9740 IRVINE BLVD · IRVINE, CA 92618	Accounting	$10,459

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$509K

$121 / participant

Investment mgmt$50K9.9%
Other / not subdivided$459K90.1%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,052

$107,045+21.5%

$108,745+19.6%

$63,975+103.3%

Participation rate

66.4%

81.9%-15.5pp

77.7%-11.3pp

71.1%-4.7pp

Annual return

1.51%

18.14%-16.6pp

46.22%-44.7pp

48.65%-47.1pp

Employer contribution / active EE

$2,513

$2,651-5.2%

$3,323-24.4%

$2,182+15.2%

Participant deferral / active EE

$7,283

$4,292+69.7%

$5,121+42.2%

$3,356+117.0%

Admin fee / account holder

$108

$67+60.4%

$6,144-98.2%

$70+52.9%

Provider

Service type

Compensation

GROOM LAW GROUP2+ years

Filed as: GROOM LAW GROUP CHARTERED

Service code 29

DEPARTMENT #0589 · WASHINGTON, DC 20073

Legal

$264,878

PORTFOLIO EVALUATIONS, INC.2+ years

Filed as: PORTFOLIO EVALUATIONS INC

Service code 16

15 INDEPENDENCE BLVD · WARREN, NJ 07059

Consulting

$53,938

MORNINGSTAR2+ years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$50,196

HEWITT ASSOCIATES LLC1 year

Service code 16

PO BOX 95135 · CHICAGO, IL 60694

Consulting

$37,958

MILLER KAPLAN ARASE LLP1 year

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

Service code 10

PO BOX 2598 · RINCON, GA 31326

Accounting

$32,500

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$31,098

MERCER2+ years

Service code 16

PO BOX 100260 · PASADENA, CA 91189

Consulting

$27,882

DST ASSET MANAGER SOLUTIONS, INC.1 year

Filed as: TAI-SSC ACCOUNTING

Service code 10

9740 IRVINE BLVD · IRVINE, CA 92618

Accounting

$10,459

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