Retirement plan

T & L AUTOMATICS, INC. PROFIT SHARING PLAN

Name: T & L AUTOMATICS, INC. - T & L AUTOMATICS, INC. PROFIT SHARING PLAN (2023) 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, INC.EIN 16-1056575Plan #002PY 2023

770 EMERSON STREET - ROCHESTER, NY 14613585-647-3717tandlautomatics.comLinkedIn51-200 employees

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$9.5M

+12.8% from 2022

Total participants

123

-7.5% from 2022

Average account balance

$81,772

+29.3% from 2022

Annual return

17.53%

+34.18 pp from 2022

Benchmarks

See 118 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Cohort118 peers

Snapshot2023

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
SECURITIES AMERICA INC7 years Filed as: SECURITIES AMERICA Service code 71 421 PENBROOKE DRIVE · PENFIELD, NY 14526	Brokerage Fees	$21,074

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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1K

$14 / participant

Recordkeeping$1K100.0%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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

$81,772

$104,607-21.8%

$96,544-15.3%

Participation rate

92.9%

76.2%+16.8pp

76.0%+16.9pp

Annual return

17.53%

9.56%+8.0pp

25.88%-8.3pp

Employer contribution / active EE

$2,057

$2,147-4.2%

$2,966-30.7%

Participant deferral / active EE

$3,033

$4,312-29.7%

$4,851-37.5%

Admin fee / account holder

$12

$45,340-100.0%

$8,254-99.9%

Provider

Service type

Compensation

SECURITIES AMERICA INC7 years

Filed as: SECURITIES AMERICA

Service code 71

421 PENBROOKE DRIVE · PENFIELD, NY 14526

Brokerage Fees

$21,074

T & L AUTOMATICS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T & L AUTOMATICS, INC. PROFIT SHARING 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