Retirement plan

ITS USA RETIREMENT SAVINGS PLAN

Name: TESTING HOLDINGS USA, INC. - ITS USA RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: TESTING HOLDINGS USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ITS USA RETIREMENT SAVINGS PLAN, TESTING HOLDINGS USA, INC.

TESTING HOLDINGS USA, INC.EIN 22-3480826Plan #001PY 2016

C/O INTERTEK, 2 RIVERWAY, SUITE 500 - HOUSTON, TX 77056713-543-3777

Prospect flagsLow participationFailed to transmit contributionsFailed to provide benefit

Top hat statement on fileNQDC

Filed March 1, 2011 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$414.3M

No prior year

Total participants

9,367

No prior year

Average account balance

$62,221

No prior year

Annual return

40.80%

No prior year

Benchmarks

See 77 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort77 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$919.72M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

10,252

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$186,320
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$102,299
AON CONSULTING2+ years Filed as: AON HEWITT Service code 70 · EIN 36-3109431	Consulting Fees	$96,780
MELTON & MELTON LLP2+ years Filed as: MELTON & MELTON Service code 10 · EIN 74-1550819	Accounting	$37,607
MBM ADVISORS, INC.2+ years Filed as: MBM ADVISORS, INC Service code 26 · EIN 74-2009441	Advisory (Participants)	$7,525

Plan features & details

Pension benefit codes2E2G2J2K2R2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$427K

$60 / participant

Investment mgmt$102K23.9%
Other / not subdivided$325K76.1%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MELTON & MELTON, L.L.P.
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,221

$86,372-28.0%

$123,892-49.8%

$65,292-4.7%

Participation rate

62.3%

76.9%-14.7pp

81.4%-19.1pp

72.4%-10.1pp

Annual return

40.80%

11.27%+29.5pp

47.52%-6.7pp

11.84%+29.0pp

Employer contribution / active EE

$1,173

$2,838-58.7%

$4,617-74.6%

$2,302-49.0%

Participant deferral / active EE

$3,500

$5,625-37.8%

$5,984-41.5%

$3,579-2.2%

Admin fee / account holder

$64

$53+21.5%

$8,357-99.2%

$57+11.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$186,320

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$102,299

AON CONSULTING2+ years

Filed as: AON HEWITT

Service code 70 · EIN 36-3109431

Consulting Fees

$96,780

MELTON & MELTON LLP2+ years

Filed as: MELTON & MELTON

Service code 10 · EIN 74-1550819

Accounting

$37,607

MBM ADVISORS, INC.2+ years

Filed as: MBM ADVISORS, INC

Service code 26 · EIN 74-2009441

Advisory (Participants)

$7,525

ITS USA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ITS USA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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