Retirement plan

TITLESMART, INC. 401(K) PLAN

Name: TITLESMART, INC. - TITLESMART, INC. 401(K) PLAN (2022) Form 5500
Creator: TITLESMART, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TITLESMART, INC. 401(K) PLAN, TITLESMART, INC.

TITLESMART, INC.EIN 20-8380758Plan #001PY 2022

4810 WHITE BEAR PARKWAY, SUITE 100 - WHITE BEAR LAKE, MN 55110651-779-3075title-smart.comLinkedIn51-200 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$1.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

-7.4% from 2021

Total participants

136

+2.3% from 2021

Average account balance

$29,197

-9.5% from 2021

Annual return

-16.40%

-39.04 pp from 2021

Benchmarks

See 3,975 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,975 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-96.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
TOTAL WEALTH ADVISORS, LLC1 year Service code 26 · EIN 45-5383775 809 MAINSTREET · HOPKINS, MN 55343	Advisory (Participants)	$19,340
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 13 · EIN 27-4411131 45 SOUTH 7TH STREET, SUITE 2208 · MINNEAPOLIS, MN 55402	Contract Administrator	$13,646

Plan features & details

Pension benefit codes2A2E2F2G2J3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$33K

$485 / participant

Investment mgmt$19K58.6%
Contract admin$12K35.3%
Other / not subdivided$2K6.1%

% of EOY assets

0.831%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SMITH SCHAFER AND ASSOCIATES
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,197

$69,010-57.7%

$159,960-81.7%

$68,494-57.4%

Participation rate

100.0%

65.4%+34.6pp

78.0%+22.0pp

67.9%+32.1pp

Annual return

-16.40%

-9.65%-6.7pp

408.60%-425.0pp

-7.84%-8.6pp

Employer contribution / active EE

$3,895

$2,213+76.0%

$4,226-7.8%

$2,596+50.0%

Participant deferral / active EE

$5,677

$4,212+34.8%

$6,182-8.2%

$4,027+41.0%

Admin fee / account holder

$243

$4,798-94.9%

$8,698-97.2%

$5,403-95.5%

Provider

Service type

Compensation

TOTAL WEALTH ADVISORS, LLC1 year

Service code 26 · EIN 45-5383775

809 MAINSTREET · HOPKINS, MN 55343

Advisory (Participants)

$19,340

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 13 · EIN 27-4411131

45 SOUTH 7TH STREET, SUITE 2208 · MINNEAPOLIS, MN 55402

Contract Administrator

$13,646

TITLESMART, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TITLESMART, INC. 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