Retirement plan

TSP, INC. 401(K) P/S PLAN

Name: TECHNOLOGY SERVICE PROFESSIONALS, INC. - TSP, INC. 401(K) P/S PLAN (2020) Form 5500
Creator: TECHNOLOGY SERVICE PROFESSIONALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSP, INC. 401(K) P/S PLAN, TECHNOLOGY SERVICE PROFESSIONALS, INC.

TECHNOLOGY SERVICE PROFESSIONALS, INC.EIN 16-1641884Plan #001PY 2020

17177 PRESTON ROAD, SUITE 320, - DALLAS, TX 75248972-484-6881

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.2M

+7.6% from 2019

Total participants

554

-0.5% from 2019

Average account balance

$38,096

+7.3% from 2019

Annual return

11.85%

-6.71 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.46M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

525

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5 years Service code 13 · EIN 06-1050034	Contract Administrator	$118,852
NORTHWESTERN MUTUAL INVESTMENT SERV5 years Filed as: NORTHWESTERN MUTUAL LIFE INSURANCE Service code 27 · EIN 39-0509570	Advisory (Plan)	$12,500
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW KRAUSE Service code 10 · EIN 39-0859910	Accounting	$7,088
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL INVSVCS INC Service code 33 · EIN 52-2114207	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$139K

$390 / participant

Other / not subdivided$139K100.0%

% of EOY assets

0.686%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLC
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,096

$100,801-62.2%

$149,715-74.6%

$73,412-48.1%

Participation rate

93.5%

77.7%+15.8pp

82.5%+11.1pp

72.2%+21.4pp

Annual return

11.85%

265.34%-253.5pp

276.66%-264.8pp

59.30%-47.4pp

Employer contribution / active EE

$1,256

$3,312-62.1%

$4,645-73.0%

$2,234-43.8%

Participant deferral / active EE

$5,148

$6,404-19.6%

$6,842-24.8%

$3,806+35.3%

Admin fee / account holder

$262

$181+44.6%

$9,310-97.2%

$158+65.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Service code 13 · EIN 06-1050034

Contract Administrator

$118,852

NORTHWESTERN MUTUAL INVESTMENT SERV5 years

Filed as: NORTHWESTERN MUTUAL LIFE INSURANCE

Service code 27 · EIN 39-0509570

Advisory (Plan)

$12,500

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW KRAUSE

Service code 10 · EIN 39-0859910

Accounting

$7,088

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL INVSVCS INC

Service code 33 · EIN 52-2114207

Securities brokerage commissions and ...

TSP, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSP, INC. 401(K) P/S 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