Retirement plan

TRIGREEN EQUIPMENT, LLC 401(K) PLAN

Name: TRIGREEN EQUIPMENT, LLC - TRIGREEN EQUIPMENT, LLC 401(K) PLAN (2023) Form 5500
Creator: TRIGREEN EQUIPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIGREEN EQUIPMENT, LLC 401(K) PLAN, TRIGREEN EQUIPMENT, LLC

TRIGREEN EQUIPMENT, LLCEIN 20-5462252Plan #001PY 2023

1776 TRIGREEN DRIVE - ATHENS, AL 35611256-233-0339trigreenequipment.comLinkedIn501-1000 employeesfarming

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$22.4M

+23.1% from 2022

Total participants

690

+3.9% from 2022

Average account balance

$52,568

+19.9% from 2022

Annual return

16.63%

+27.10 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.09M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

428

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.

58.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

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

+15.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 1400 AMERICAN BLVD, BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$57,883
AZALEA ADMINISTRATION LLC1 year Service code 13 P.O. BOX 180293 · MOBILE, AL 36618	Contract Administrator	$13,621
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,330

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$156 / participant

Recordkeeping$93K100.0%

% of EOY assets

0.417%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAULDIN & JENKINS, LLC
Auditor EIN: 580692043
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,568

$53,165-1.1%

$86,216-39.0%

$74,460-29.4%

Participation rate

55.9%

64.9%-9.0pp

69.0%-13.1pp

70.7%-14.9pp

Annual return

16.63%

22.64%-6.0pp

1169.42%-1152.8pp

34.38%-17.7pp

Employer contribution / active EE

$1,189

$1,210-1.7%

$2,382-50.1%

$2,638-54.9%

Participant deferral / active EE

$2,219

$3,234-31.4%

$3,986-44.3%

$4,530-51.0%

Admin fee / account holder

$219

$551-60.2%

$6,853-96.8%

$348-36.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

1400 AMERICAN BLVD, BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$57,883

AZALEA ADMINISTRATION LLC1 year

Service code 13

P.O. BOX 180293 · MOBILE, AL 36618

Contract Administrator

$13,621

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,330

TRIGREEN EQUIPMENT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIGREEN EQUIPMENT, LLC 401(K) 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