Retirement plan

TRADE SUPPLY GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: TRADE SUPPLY GROUP, LLC - TRADE SUPPLY GROUP, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TRADE SUPPLY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRADE SUPPLY GROUP, INC. 401(K) PROFIT SHARING PLAN, TRADE SUPPLY GROUP, LLC

TRADE SUPPLY GROUP, LLCEIN 20-5209264Plan #001PY 2024

481 WASHINGTON STREET, 1N - NEW YORK, NY 10013212-377-1480tradesupplygroup.comLinkedIn201-500 employeesbuilding materials

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.6M

+17.5% from 2023

Total participants

483

+0.2% from 2023

Average account balance

$81,860

+17.8% from 2023

Annual return

19.95%

-8.72 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort262 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.64M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

301

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.

56.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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
EQUITABLE ADVISORS LLC4 years Service code 28 100 MADISON STREET MD 36-7 · SYRACUSE, NY 13202	Investment Management	$46,155
PENSERV PLAN SERVICES, INC.10+ years Filed as: PENSERV PLAN SERVICES Service code 15 102 TRADE ZONE DRIVE · WEST COLUMBIA, SC 29170	Recordkeeping	$24,245
WEAVER AND TIDWELL, LLP1 year Filed as: WEAVER AND TIDWELL, L.L.P. Service code 10 ONE PENNSYLVANIA PLAZA, SUITE 3200 · NEW YORK, NY 10119	Accounting	$12,000
LT TRUST COMPANY4 years Filed as: MG TRUST COMPANY, LLC Service code 19 · EIN 75-3182674	Securities Custodian	$11,539

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$94K

$226 / participant

Trustee / custodial$12K12.3%
Investment mgmt$46K49.1%
Contract admin$24K25.8%
Other / not subdivided$12K12.8%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER AND TIDWELL, L.L.P.
Auditor EIN: 750786316
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,860

$89,588-8.6%

$136,072-39.8%

$77,736+5.3%

Participation rate

56.3%

74.3%-18.0pp

76.4%-20.2pp

70.6%-14.3pp

Annual return

19.95%

17.42%+2.5pp

580.46%-560.5pp

31.26%-11.3pp

Employer contribution / active EE

$739

$3,491-78.8%

$4,216-82.5%

$2,728-72.9%

Participant deferral / active EE

$3,762

$5,592-32.7%

$7,028-46.5%

$4,651-19.1%

Admin fee / account holder

$312

$539-42.1%

$6,718-95.4%

$433-28.0%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC4 years

Service code 28

100 MADISON STREET MD 36-7 · SYRACUSE, NY 13202

Investment Management

$46,155

PENSERV PLAN SERVICES, INC.10+ years

Filed as: PENSERV PLAN SERVICES

Service code 15

102 TRADE ZONE DRIVE · WEST COLUMBIA, SC 29170

Recordkeeping

$24,245

WEAVER AND TIDWELL, LLP1 year

Filed as: WEAVER AND TIDWELL, L.L.P.

Service code 10

ONE PENNSYLVANIA PLAZA, SUITE 3200 · NEW YORK, NY 10119

Accounting

$12,000

LT TRUST COMPANY4 years

Filed as: MG TRUST COMPANY, LLC

Service code 19 · EIN 75-3182674

Securities Custodian

$11,539

TRADE SUPPLY GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRADE SUPPLY GROUP, 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