Retirement plan

TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN

Name: TECHNOSYSTEMS SERVICE CORPORATION - TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TECHNOSYSTEMS SERVICE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN, TECHNOSYSTEMS SERVICE CORPORATION

TECHNOSYSTEMS SERVICE CORPORATIONEIN 25-1474085Plan #001PY 2024

217 NINTH STREET - PITTSBURGH, PA 15222412-288-1300LinkedIn51-200 employeesinformation services

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.4M

-12.8% from 2023

Total participants

+1.2% from 2023

Average account balance

$31,719

-17.4% from 2023

Annual return

10.00%

-4.22 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.41M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

155.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

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

+10.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10501

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 codes2E2G2J3D3H2T2F

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$798K

$16288 / participant

Other / not subdivided$798K100.0%

% of EOY assets

33.108%

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

$31,719

$102,385-69.0%

$147,080-78.4%

$80,935-60.8%

Participation rate

79.6%

75.9%+3.7pp

82.2%-2.6pp

67.7%+11.9pp

Annual return

10.00%

135.09%-125.1pp

420.17%-410.2pp

35.66%-25.7pp

Employer contribution / active EE

$3,717-100.0%

$4,933-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,037

$6,651-54.3%

$8,066-62.3%

$4,299-29.4%

Admin fee / account holder

$10,501

$7,951+32.1%

$12,989-19.2%

$6,924+51.7%

TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHNOSYSTEMS SERVICE CORPORATION 401(K) 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