Retirement plan

TMP TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Name: TMP TECHNOLOGIES, INC. - TMP TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: TMP TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TMP TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN, TMP TECHNOLOGIES, INC.

TMP TECHNOLOGIES, INC.EIN 16-1444934Plan #002PY 2016

1200 NORTHLAND AVENUE - BUFFALO, NY 142153835716-895-6100tmptech.comLinkedIn201-500 employeesplastics

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.8M

+13.4% from 2015

Total participants

116

-5.7% from 2015

Average account balance

$75,843

+20.2% from 2015

Annual return

10.91%

+12.95 pp from 2015

Benchmarks

See 6,045 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort6,045 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.51M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

233

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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
DOPKINS WEALTH MANAGEMENT LLC2+ years Service code 51 · EIN 16-1566478 200 INTERNATIONAL DRIVE · BUFFALO, NY 14221	Investment Mgmt Fees	$36,369

Plan features & details

Pension benefit codes2A2E2G2J2K

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$412 / participant

Investment mgmt$36K93.8%
Contract admin$2K6.2%

% of EOY assets

0.441%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EFPR GROUP, LLP
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,843

$58,828+28.9%

$78,002-2.8%

$62,881+20.6%

Participation rate

100.0%

71.1%+28.9pp

75.5%+24.5pp

69.3%+30.7pp

Annual return

10.91%

17.16%-6.2pp

425.99%-415.1pp

20.14%-9.2pp

Employer contribution / active EE

$3,929

$1,672+135.0%

$2,470+59.0%

$2,281+72.2%

Participant deferral / active EE

$2,733

$2,686+1.8%

$3,497-21.9%

$3,203-14.7%

Admin fee / account holder

$334

$4,393-92.4%

$5,481-93.9%

$4,296-92.2%

Provider

Service type

Compensation

DOPKINS WEALTH MANAGEMENT LLC2+ years

Service code 51 · EIN 16-1566478

200 INTERNATIONAL DRIVE · BUFFALO, NY 14221

Investment Mgmt Fees

$36,369

TMP TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TMP TECHNOLOGIES, INC. 401(K) 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