Retirement plan

TRIANGLE TECH, INC. 401(K) AND PROFIT SHARING PLAN

Name: TRIANGLE TECH, INC. - TRIANGLE TECH, INC. 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: TRIANGLE TECH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIANGLE TECH, INC. 401(K) AND PROFIT SHARING PLAN, TRIANGLE TECH, INC.

TRIANGLE TECH, INC.EIN 25-1266566Plan #002PY 2023

1940 PERRYSVILLE AVENUE - PITTSBURGH, PA 15214412-359-1000triangle-tech.eduLinkedIn201-500 employeeseducation management

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.7M

+13.1% from 2022

Total participants

145

-14.7% from 2022

Average account balance

$43,667

+2.6% from 2022

Annual return

14.35%

+31.07 pp from 2022

Benchmarks

See 4,415 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,415 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.29M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

125

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$16,217
UBS FINANCIAL SERVICES INC7 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$10,373

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$274 / participant

Recordkeeping$16K61.0%
Investment mgmt$10K39.0%

% of EOY assets

0.468%

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: GUTHRIE, BELCZYK & ASSOCIATES, P.C.
Auditor EIN: 251714998
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,667

$46,534-6.2%

$64,097-31.9%

$75,177-41.9%

Participation rate

84.5%

65.9%+18.6pp

72.3%+12.2pp

67.2%+17.3pp

Annual return

14.35%

26.07%-11.7pp

33.75%-19.4pp

160.75%-146.4pp

Employer contribution / active EE

$1,976-100.0%

$2,750-100.0%

$2,671-100.0%

Participant deferral / active EE

$2,172

$2,835-23.4%

$3,881-44.0%

$4,126-47.4%

Admin fee / account holder

$205

$2,957-93.1%

$3,070-93.3%

$5,651-96.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$16,217

UBS FINANCIAL SERVICES INC7 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$10,373

TRIANGLE TECH, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIANGLE TECH, INC. 401(K) AND PROFIT SHARING 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