Retirement plan

TOUCHSTONE TECHNOLOGY INC 401K SAVINGS PLAN

Name: TOUCHSTONE TECHNOLOGY INC - TOUCHSTONE TECHNOLOGY INC 401K SAVINGS PLAN (2023) Form 5500
Creator: TOUCHSTONE TECHNOLOGY INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOUCHSTONE TECHNOLOGY INC 401K SAVINGS PLAN, TOUCHSTONE TECHNOLOGY INC

TOUCHSTONE TECHNOLOGY INCEIN 16-1195239Plan #001PY 2023

350 MILE CROSSING BLVD - ROCHESTER, NY 14624585-458-2690touchstn.comLinkedIn11-50 employeescomputer hardware

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+25.5% from 2022

Total participants

-4.3% from 2022

Average account balance

$128,500

+32.8% from 2022

Annual return

22.65%

+42.49 pp from 2022

Benchmarks

See 22,643 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,643 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

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

+18.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J2G3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$10K

$582 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.453%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,500

$110,212+16.6%

$96,534+33.1%

$139,466-7.9%

Participation rate

70.6%

78.1%-7.5pp

76.0%-5.4pp

80.3%-9.7pp

Annual return

22.65%

26.42%-3.8pp

25.88%-3.2pp

373.66%-351.0pp

Employer contribution / active EE

$3,620-100.0%

$2,965-100.0%

$4,754-100.0%

Participant deferral / active EE

$3,402

$5,547-38.7%

$4,851-29.9%

$6,712-49.3%

Admin fee / account holder

$582

$11,599-95.0%

$8,253-92.9%

$11,409-94.9%

TOUCHSTONE TECHNOLOGY INC 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOUCHSTONE TECHNOLOGY INC 401K 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