Retirement plan

TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN

Name: TECHNOSYSTEMS SERVICE CORPORATION - TECHNOSYSTEMS SERVICE CORPORATION 401(K) PROFIT SHARING PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#002Retirement-$2.5M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.8M

-20.3% from 2020

Total participants

+2.1% from 2020

Average account balance

$35,189

-16.3% from 2020

Annual return

7.69%

-1.67 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 60 · EIN 04-2647786	Sub-TA Fees	$11,947
LPL FINANCIAL2 years Service code 27 · EIN 04-3046611	Advisory (Plan)	$7,350
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 60	Sub-TA Fees	$0

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

OpportunityLow returns
Annual investment return 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

$21K

$356 / participant

Investment mgmt$20.0%
Other / not subdivided$21K100.0%

% of EOY assets

0.759%

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: BAKER TILLY US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,189

$105,200-66.6%

$159,474-77.9%

$85,847-59.0%

Participation rate

70.0%

75.8%-5.8pp

82.8%-12.8pp

69.3%+0.7pp

Annual return

7.69%

45.08%-37.4pp

263.68%-256.0pp

318.61%-310.9pp

Employer contribution / active EE

$3,319-100.0%

$4,831-100.0%

$2,565-100.0%

Participant deferral / active EE

$2,616

$5,946-56.0%

$7,353-64.4%

$3,952-33.8%

Admin fee / account holder

$267

$6,934-96.1%

$10,802-97.5%

$6,261-95.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 60 · EIN 04-2647786

Sub-TA Fees

$11,947

LPL FINANCIAL2 years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$7,350

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 60

Sub-TA Fees

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