Retirement plan

TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN

Name: TRIDENT PRECISION MANUFACTURING INC. - TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: TRIDENT PRECISION MANUFACTURING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN, TRIDENT PRECISION MANUFACTURING INC.

TRIDENT PRECISION MANUFACTURING INC.EIN 16-1154981Plan #001PY 2016

734 SALT RD - WEBSTER, NY 145809718585-265-2010tridentprecision.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$7.7M

-1.1% from 2015

Total participants

-8.6% from 2015

Average account balance

$103,589

+6.9% from 2015

Annual return

7.76%

+6.71 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.26M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

71.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$444K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$324

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,259
AMERICAN PORTFOLIOS FINANCIAL1 year Filed as: AMERICAN PORTFOLIOS FINANCIAL SERVI Service code 49 · EIN 11-3018002	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$144 / participant

Contract admin$11K100.0%

% of EOY assets

0.147%

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: SARDONE ROBINSON & ASSOCIATES, CPA
Auditor EIN: 161587614
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,589

$60,349+71.7%

$74,184+39.6%

$62,881+64.7%

Participation rate

71.8%

72.7%-0.9pp

76.6%-4.8pp

69.3%+2.5pp

Annual return

7.76%

21.38%-13.6pp

17.74%-10.0pp

20.14%-12.4pp

Employer contribution / active EE

$1,680-100.0%

$2,370-100.0%

$2,281-100.0%

Participant deferral / active EE

$3,276

$2,856+14.7%

$3,550-7.7%

$3,203+2.3%

Admin fee / account holder

$152

$4,261-96.4%

$5,586-97.3%

$4,296-96.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,259

AMERICAN PORTFOLIOS FINANCIAL1 year

Filed as: AMERICAN PORTFOLIOS FINANCIAL SERVI

Service code 49 · EIN 11-3018002

Other Services

TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS 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