Retirement plan

TRI CITY RENTALS 401(K) PLAN

Name: TRI CITY RENTALS LLC - TRI CITY RENTALS 401(K) PLAN (2023) Form 5500
Creator: TRI CITY RENTALS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI CITY RENTALS 401(K) PLAN, TRI CITY RENTALS LLC

TRI CITY RENTALS LLCEIN 14-1665596Plan #333PY 2023

255 WASHINGTON AVENUE EXT - ALBANY, NY 122055533518-862-6600

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.7M

+16.5% from 2022

Total participants

407

-0.7% from 2022

Average account balance

$52,432

+19.8% from 2022

Annual return

16.66%

+32.22 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.08M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

320

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.

68.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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 3 by compensation

Provider	Service type	Compensation
ACTUARIAL PENSION ANALYSTS, INC.3 years Filed as: ACTUARIAL PENSION ANALYSTS, INC Service code 49 7000 E GENESEE ST · FAYETTEVILLE, NY 13066	Other Services	$9,892
VOYA RETIREMENT INSURANCE & ANNUITY5 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 27 · EIN 71-0294708	Advisory (Plan)	$8,089
MORNINGSTAR5 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,839

Plan features & details

Pension benefit codes2F2G2J2K3D3H

Plan features

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$5K

$16 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEAL, BECKER & CHIAROMONTE CPAS PC
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,432

$56,638-7.4%

$169,397-69.0%

$74,473-29.6%

Participation rate

68.6%

67.5%+1.0pp

77.2%-8.6pp

70.7%-2.2pp

Annual return

16.66%

24.75%-8.1pp

406.23%-389.6pp

34.36%-17.7pp

Employer contribution / active EE

$1,270

$2,027-37.4%

$4,013-68.4%

$2,638-51.9%

Participant deferral / active EE

$2,441

$4,223-42.2%

$6,223-60.8%

$4,530-46.1%

Admin fee / account holder

$14

$307-95.4%

$9,017-99.8%

$347-95.9%

Provider

Service type

Compensation

ACTUARIAL PENSION ANALYSTS, INC.3 years

Filed as: ACTUARIAL PENSION ANALYSTS, INC

Service code 49

7000 E GENESEE ST · FAYETTEVILLE, NY 13066

Other Services

$9,892

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 27 · EIN 71-0294708

Advisory (Plan)

$8,089

MORNINGSTAR5 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,839

TRI CITY RENTALS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI CITY RENTALS 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