Retirement plan

TECHSOURCE ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Name: TECHSOURCE ENGINEERING, INC. - TECHSOURCE ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: TECHSOURCE ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHSOURCE ENGINEERING, INC. 401(K) PROFIT SHARING PLAN, TECHSOURCE ENGINEERING, INC.

TECHSOURCE ENGINEERING, INC.EIN 25-1779447Plan #001PY 2017

2101 WEST 12TH STREET - ERIE, PA 16505814-459-2150tse-inc.comLinkedIn1-10 employeesindustrial automation

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$258K

+91.5% from 2016

Total participants

0.0% from 2016

Average account balance

$51,528

+91.5% from 2016

Annual return

23.60%

+15.00 pp from 2016

Benchmarks

See 21,290 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,290 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$134K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69972

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$51,528

$98,240-47.5%

$82,312-37.4%

$147,586-65.1%

Participation rate

71.4%

79.7%-8.3pp

76.9%-5.5pp

82.8%-11.4pp

Annual return

23.60%

30.85%-7.3pp

25.88%-2.3pp

578.59%-555.0pp

Employer contribution / active EE

$2,145

$3,192-32.8%

$2,428-11.7%

$4,876-56.0%

Participant deferral / active EE

$10,911

$4,383+148.9%

$3,706+194.4%

$5,439+100.6%

Admin fee / account holder

$8,563-100.0%

$5,608-100.0%

$10,886-100.0%

TECHSOURCE ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TECHSOURCE ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion