Retirement plan

TMP MANUFACTURING COMPANY, INC. 401(K) PROFIT SHARING PLAN

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

TMP MANUFACTURING COMPANY, INC.EIN 25-1608017Plan #001PY 2023

1395 INDUSTRIAL PARK ROAD - CLEARFIELD, PA 16830814-765-9615

Other plans on this EIN

1 filing

#002Retirement-$106K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.8M

+32.5% from 2022

Total participants

0.0% from 2022

Average account balance

$125,585

+26.5% from 2022

Annual return

24.66%

+45.97 pp from 2022

Benchmarks

See 14,460 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,460 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.81M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22915

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 codes2E2F2J2T3D

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).
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$79 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.083%

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

$125,585

$80,985+55.1%

$96,576+30.0%

$75,181+67.0%

Participation rate

62.1%

71.8%-9.7pp

76.0%-13.9pp

67.2%-5.1pp

Annual return

24.66%

27.05%-2.4pp

25.87%-1.2pp

160.69%-136.0pp

Employer contribution / active EE

$2,069

$2,282-9.3%

$2,965-30.2%

$2,671-22.5%

Participant deferral / active EE

$3,657

$3,929-6.9%

$4,851-24.6%

$4,126-11.4%

Admin fee / account holder

$104

$6,719-98.5%

$8,253-98.7%

$5,650-98.2%

TMP MANUFACTURING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TMP MANUFACTURING COMPANY, INC. 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