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 (2020) 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 2020

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

Prospect flagsHigh feesWind-down / frozen

How to read this page

Total assets (EOY)

$4.9M

-67.4% from 2019

Total participants

-53.9% from 2019

Average account balance

$69,581

-31.1% from 2019

Annual return

11.30%

-10.90 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.74M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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

$128K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2942

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 4 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.4 years Filed as: PNC INVESTMENTS LLC Service code 27 · EIN 42-1604685 204 E. MAIN STREET · LIGONIER, PA 15658	Advisory (Plan)	$40,759
WALKER BENEFITS, LLC6+ years Service code 13 · EIN 55-0486667 2599 WILMINGTON ROAD · NEW CASTLE, PA 16105	Contract Administrator	$19,456
AMERICAN FUNDS4 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$15,577
RICHARD B GUSKIEWICZ ASSOCIATES1 year Service code 10 · EIN 25-1330186 1013 LIGONIER ST · LATROBE, PA 15650	Accounting	$11,000

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$87K

$10849 / participant

Investment mgmt$41K47.0%
Contract admin$16K17.9%
Other / not subdivided$30K35.1%

% of EOY assets

1.757%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,581

$209,422-66.8%

$178,503-61.0%

$158,982-56.2%

Participation rate

100.0%

86.4%+13.6pp

81.9%+18.1pp

82.0%+18.0pp

Annual return

11.30%

188.81%-177.5pp

151.12%-139.8pp

302.99%-291.7pp

Employer contribution / active EE

$5,933

$5,707+4.0%

$5,011+18.4%

$4,763+24.6%

Participant deferral / active EE

$107,592

$5,955+1706.8%

$5,202+1968.1%

$5,983+1698.1%

Admin fee / account holder

$1,222

$17,079-92.8%

$13,987-91.3%

$11,252-89.1%

Provider

Service type

Compensation

PNC BANK, N.A.4 years

Filed as: PNC INVESTMENTS LLC

Service code 27 · EIN 42-1604685

204 E. MAIN STREET · LIGONIER, PA 15658

Advisory (Plan)

$40,759

WALKER BENEFITS, LLC6+ years

Service code 13 · EIN 55-0486667

2599 WILMINGTON ROAD · NEW CASTLE, PA 16105

Contract Administrator

$19,456

AMERICAN FUNDS4 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$15,577

RICHARD B GUSKIEWICZ ASSOCIATES1 year

Service code 10 · EIN 25-1330186

1013 LIGONIER ST · LATROBE, PA 15650

Accounting

$11,000

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