Retirement plan

TOWN & COUNTRY GAS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: TOWN & COUNTRY GAS, INC - TOWN & COUNTRY GAS, INC. 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: TOWN & COUNTRY GAS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOWN & COUNTRY GAS, INC. 401(K) PROFIT SHARING PLAN & TRUST, TOWN & COUNTRY GAS, INC

TOWN & COUNTRY GAS, INCEIN 20-1559156Plan #001PY 2022

402 BROAD STREET - WRENS, GA 30833706-547-2525LinkedIn11-50 employeesfood production

Prospect flagsHigh feesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

-26.5% from 2021

Total participants

-86.1% from 2021

Average account balance

$39,800

+46.9% from 2021

Annual return

-15.28%

-26.84 pp from 2021

Benchmarks

See 2,260 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,260 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.17M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

152.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5298

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

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$581,970
BEACON FINANCIAL ADVISORS, LLC1 year Filed as: BEACON FINANCIAL ADVISERS, INC Service code 27 · EIN 58-2343908	Advisory (Plan)	$12,500

Plan features & details

Pension benefit codes2A2E2F2G2T3D3H

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.
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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$71K

$2827 / participant

Investment mgmt$13K17.7%
Contract admin$58K82.3%

% of EOY assets

2.248%

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: CHERRY BREKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,800

$53,162-25.1%

$91,225-56.4%

$68,486-41.9%

Participation rate

72.0%

63.2%+8.8pp

73.2%-1.2pp

67.9%+4.1pp

Annual return

-15.28%

-3.14%-12.1pp

114.12%-129.4pp

-7.85%-7.4pp

Employer contribution / active EE

$2,310

$1,709+35.2%

$2,851-19.0%

$2,597-11.0%

Participant deferral / active EE

$3,872

$2,974+30.2%

$4,233-8.5%

$4,028-3.9%

Admin fee / account holder

$895

$4,493-80.1%

$5,422-83.5%

$5,404-83.4%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$581,970

BEACON FINANCIAL ADVISORS, LLC1 year

Filed as: BEACON FINANCIAL ADVISERS, INC

Service code 27 · EIN 58-2343908

Advisory (Plan)

$12,500

TOWN & COUNTRY GAS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOWN & COUNTRY GAS, INC. 401(K) PROFIT SHARING PLAN & TRUST

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