Retirement plan

THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. 401(K) RETIREMENT PLAN

Name: THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. - THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. 401(K) RETIREMENT PLAN, THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC.

THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC.EIN 20-8024741Plan #001PY 2019

5103 CENTER DRIVE SUITE A - LATROBE, PA 15650724-520-16004u-solutions.comLinkedIn1-10 employeesmedical devices

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.1M

+13.3% from 2018

Total participants

154

-1.9% from 2018

Average account balance

$100,989

+15.6% from 2018

Annual return

22.19%

+27.63 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.60M

Not enough data

1 years with asset history on file

Average account balance

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

$255K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$140K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+19.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$795

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
PNC BANK, N.A.3 years Filed as: PNC INVESTMENTS LLC Service code 27 · EIN 42-1604685 204 E. MAIN STREET · LIGONIER, PA 15658	Advisory (Plan)	$40,613
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$15,968

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$59K

$520 / participant

Contract admin$16K27.2%
Other / not subdivided$43K72.8%

% of EOY assets

0.388%

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: RICHARD GUSKIEWICZ ASSOCIATES, CPA
Auditor EIN: 251330186
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,989

$52,961+90.7%

$172,752-41.5%

$65,185+54.9%

Participation rate

96.5%

66.2%+30.3pp

82.6%+13.8pp

70.2%+26.3pp

Annual return

22.19%

30.12%-7.9pp

802.97%-780.8pp

29.38%-7.2pp

Employer contribution / active EE

$354

$2,190-83.8%

$5,144-93.1%

$2,177-83.7%

Participant deferral / active EE

$8,968

$2,471+262.9%

$5,198+72.5%

$3,514+155.2%

Admin fee / account holder

$392

$472-17.0%

$13,955-97.2%

$847-53.8%

Provider

Service type

Compensation

PNC BANK, N.A.3 years

Filed as: PNC INVESTMENTS LLC

Service code 27 · EIN 42-1604685

204 E. MAIN STREET · LIGONIER, PA 15658

Advisory (Plan)

$40,613

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$15,968

THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THREE RIVERS ORTHOPAEDIC & SPINE PRODUCTS, INC. 401(K) RETIREMENT 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