Retirement plan

TWIN CITY AMBULANCE UNION 401(K) PLAN

Name: TWIN CITY AMBULANCE CORPORATION - TWIN CITY AMBULANCE UNION 401(K) PLAN (2021) Form 5500
Creator: TWIN CITY AMBULANCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN CITY AMBULANCE UNION 401(K) PLAN, TWIN CITY AMBULANCE CORPORATION

TWIN CITY AMBULANCE CORPORATIONEIN 16-0839594Plan #003PY 2021

555 COMMERCE DRIVE - AMHERST, NY 14228716-692-2342tcaems.comLinkedIn201-500 employeespublic safety

Other plans on this EIN

1 filing

#002Retirement-$5.0M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

+15.3% from 2020

Total participants

177

+4.7% from 2020

Average account balance

$20,805

-1.8% from 2020

Annual return

13.21%

-4.02 pp from 2020

Benchmarks

See 1,069 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,069 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.32M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5253

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

0 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
LAWLEY RETIREMENT ADVISORS LLC6 years Filed as: LAWLEY RETIREMENT ADVISORS, LLC Service code 17 361 DELAWARE AVE · BUFFALO, NY 14202	Pension Consulting	$10,843
EPIC RETIREMENT PLAN SERVICES1 year Filed as: P&A RETIRMENT PLAN SERVICES, INC Service code 13 · EIN 16-1533601 17 COURT STREET · BUFFALO, NY 14202	Contract Administrator	$10,404
CHIAMPOU TRAVIS BESAW & KERSHNER1 year Filed as: CHAMPOU TRAVIS BESAW & KERSHNER LLC Service code 10 · EIN 16-1468002	Accounting	$8,600

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

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

$30K

$233 / participant

Investment mgmt$11K36.3%
Contract admin$10K34.9%
Other / not subdivided$9K28.8%

% of EOY assets

1.121%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHIAMPOU TRAVIS BESAW & KERSHNER LL
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,805

$60,788-65.8%

$85,709-75.7%

$79,391-73.8%

Participation rate

61.7%

62.1%-0.4pp

69.9%-8.1pp

70.7%-9.0pp

Annual return

13.21%

16.57%-3.4pp

21.49%-8.3pp

116.88%-103.7pp

Employer contribution / active EE

$515

$1,664-69.0%

$2,619-80.3%

$2,428-78.8%

Participant deferral / active EE

$1,132

$2,920-61.2%

$3,924-71.2%

$4,046-72.0%

Admin fee / account holder

$233

$439-46.9%

$6,876-96.6%

$627-62.8%

Provider

Service type

Compensation

LAWLEY RETIREMENT ADVISORS LLC6 years

Filed as: LAWLEY RETIREMENT ADVISORS, LLC

Service code 17

361 DELAWARE AVE · BUFFALO, NY 14202

Pension Consulting

$10,843

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: P&A RETIRMENT PLAN SERVICES, INC

Service code 13 · EIN 16-1533601

17 COURT STREET · BUFFALO, NY 14202

Contract Administrator

$10,404

CHIAMPOU TRAVIS BESAW & KERSHNER1 year

Filed as: CHAMPOU TRAVIS BESAW & KERSHNER LLC

Service code 10 · EIN 16-1468002

Accounting

$8,600

TWIN CITY AMBULANCE UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN CITY AMBULANCE UNION 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