Retirement plan

TINIUS OLSEN 401K PLAN FOR UNION EMPLOYEES

Name: TINIUS OLSEN TESTING MACHINE CO. - TINIUS OLSEN 401K PLAN FOR UNION EMPLOYEES (2020) Form 5500
Creator: TINIUS OLSEN TESTING MACHINE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TINIUS OLSEN 401K PLAN FOR UNION EMPLOYEES, TINIUS OLSEN TESTING MACHINE CO.

TINIUS OLSEN TESTING MACHINE CO.EIN 23-0931190Plan #004PY 2020

1065 EASTON ROAD - HORSHAM, PA 19044215-675-7100

Other plans on this EIN

3 filings

#002Retirement-$21.0M assets #003Retirement-$5.6M assets #001Retirement-$2.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+22.0% from 2019

Total participants

+14.8% from 2019

Average account balance

$46,885

+8.9% from 2019

Annual return

25.71%

+1.64 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+26.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1326

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

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.

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

$163K

$6281 / participant

Other / not subdivided$163K100.0%

% of EOY assets

12.440%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,885

$78,428-40.2%

$95,960-51.1%

$79,852-41.3%

Participation rate

88.5%

73.5%+15.0pp

77.1%+11.4pp

69.6%+18.8pp

Annual return

25.71%

19.37%+6.3pp

91.63%-65.9pp

31.72%-6.0pp

Employer contribution / active EE

$1,202

$1,945-38.2%

$2,541-52.7%

$2,471-51.4%

Participant deferral / active EE

$3,391

$3,440-1.4%

$4,167-18.6%

$3,740-9.3%

Admin fee / account holder

$5,832

$5,622+3.7%

$6,797-14.2%

$5,306+9.9%

TINIUS OLSEN 401K PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TINIUS OLSEN 401K PLAN FOR UNION EMPLOYEES

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