Retirement plan

TECHNOLOGY DYNAMICS, INC. 401(K) RETIREMENT PLAN

Name: TECHNOLOGY DYNAMICS, INC. - TECHNOLOGY DYNAMICS, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: TECHNOLOGY DYNAMICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHNOLOGY DYNAMICS, INC. 401(K) RETIREMENT PLAN, TECHNOLOGY DYNAMICS, INC.

TECHNOLOGY DYNAMICS, INC.EIN 22-2119658Plan #002PY 2024

100 SCHOOL STREET - BERGENFIELD, NJ 07621201-385-0500technologydynamicsinc.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh feesHigh cashLow participationLow employer contributionRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$7.3M

+7.1% from 2023

Total participants

168

-8.7% from 2023

Average account balance

$60,612

No prior year

Annual return

15.14%

+0.21 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.27M

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.

120

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$645K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$921

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES FINANCIAL Service code 27 · EIN 59-2937883	Advisory (Plan)	$57,953
R NEUHAUS & ASSOCIATES1 year Filed as: NEUHAUS & ASSOCIATES LLC Service code 10 311 BLVD OF THE AMERICAS · LAKEWOOD, NJ 08701	Accounting	$14,000
RED BANK PENSION SERVICES, INC.7 years Service code 13 · EIN 22-2755716 1161 BROAD STREET · SHREWSBURY, NJ 07702	Contract Administrator	$13,974
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,708

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

6 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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$111K

$742 / participant

Contract admin$111K100.0%

% of EOY assets

1.520%

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: R. NEUHAUS & ASSOCIATES, LLC
Auditor EIN: 272836476
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,612

$79,223-23.5%

$102,460-40.8%

$74,478-18.6%

Participation rate

67.8%

74.8%-7.0pp

76.5%-8.7pp

67.2%+0.6pp

Annual return

15.14%

54.98%-39.8pp

29.47%-14.3pp

1370.56%-1355.4pp

Employer contribution / active EE

$84

$2,363-96.4%

$3,025-97.2%

$2,626-96.8%

Participant deferral / active EE

$4,242

$4,417-4.0%

$5,056-16.1%

$4,350-2.5%

Admin fee / account holder

$921

$2,003-54.0%

$9,460-90.3%

$1,946-52.6%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES FINANCIAL

Service code 27 · EIN 59-2937883

Advisory (Plan)

$57,953

R NEUHAUS & ASSOCIATES1 year

Filed as: NEUHAUS & ASSOCIATES LLC

Service code 10

311 BLVD OF THE AMERICAS · LAKEWOOD, NJ 08701

Accounting

$14,000

RED BANK PENSION SERVICES, INC.7 years

Service code 13 · EIN 22-2755716

1161 BROAD STREET · SHREWSBURY, NJ 07702

Contract Administrator

$13,974

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,708

TECHNOLOGY DYNAMICS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHNOLOGY DYNAMICS, 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