Retirement plan

TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN

Name: TRIDENT PRECISION MANUFACTURING INC. - TRIDENT PRECISION MANUFACTURING, INC. RETIREMENT SAVINGS PLAN (2020) 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 2020

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)

$10.6M

+42.8% from 2018

Total participants

114

+14.0% from 2018

Average account balance

$118,979

+20.3% from 2018

Annual return

12.31%

+19.00 pp from 2018

Benchmarks

See 14,882 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,882 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$15,668

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

$16K

$165 / participant

Contract admin$16K100.0%

% of EOY assets

0.148%

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 & ASSOCIATES LLP
Auditor EIN: 161587614
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,979

$78,425+51.7%

$95,956+24.0%

$79,858+49.0%

Participation rate

73.7%

73.5%+0.2pp

77.1%-3.4pp

69.6%+4.0pp

Annual return

12.31%

19.37%-7.1pp

91.63%-79.3pp

31.72%-19.4pp

Employer contribution / active EE

$1,945-100.0%

$2,541-100.0%

$2,471-100.0%

Participant deferral / active EE

$3,538

$3,440+2.9%

$4,167-15.1%

$3,740-5.4%

Admin fee / account holder

$176

$5,622-96.9%

$6,797-97.4%

$5,306-96.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,668

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