Retirement plan

T & L AUTOMATICS INC PROFIT SHARING PLAN

Name: T & L AUTOMATICS INC - T & L AUTOMATICS INC PROFIT SHARING PLAN (2016) Form 5500
Creator: T & L AUTOMATICS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T & L AUTOMATICS INC PROFIT SHARING PLAN, T & L AUTOMATICS INC

T & L AUTOMATICS INCEIN 16-1056575Plan #002PY 2016

770 EMERSON STREET - ROCHESTER, NY 146131802585-647-3717tandlautomatics.comLinkedIn51-200 employees

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+15.4% from 2015

Total participants

133

+9.0% from 2015

Average account balance

$48,758

+5.9% from 2015

Annual return

7.42%

+6.92 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.34M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

129

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$442K

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

+15.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
WALL EINHORN & CHERNITZER PC2+ years Filed as: WALL STREET FINANCIAL GROUP Service code 52 421 PENBROOKE DRIVE · PENFIELD, NY 14526	Indirect Investment Fees	$14,754

Plan features & details

Pension benefit codes2A2E2H2J3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SARDONE ROBINSON AND ASSOCIATES LLP
Auditor EIN: 161587614
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,758

$60,165-19.0%

$74,184-34.3%

$55,167-11.6%

Participation rate

100.0%

74.2%+25.8pp

76.6%+23.4pp

69.0%+31.0pp

Annual return

7.42%

10.00%-2.6pp

17.74%-10.3pp

169.23%-161.8pp

Employer contribution / active EE

$2,124

$1,600+32.8%

$2,370-10.4%

$1,963+8.2%

Participant deferral / active EE

$1,983

$2,973-33.3%

$3,550-44.1%

$3,054-35.1%

Admin fee / account holder

$419-100.0%

$5,586-100.0%

$504-100.0%

Provider

Service type

Compensation

WALL EINHORN & CHERNITZER PC2+ years

Filed as: WALL STREET FINANCIAL GROUP

Service code 52

421 PENBROOKE DRIVE · PENFIELD, NY 14526

Indirect Investment Fees

$14,754

T & L AUTOMATICS INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

T & L AUTOMATICS INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion