Retirement plan

TUV RHEINLAND 401(K) PROFIT SHARING PLAN

Name: TUV RHEINLAND OF NORTH AMERICA - TUV RHEINLAND 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: TUV RHEINLAND OF NORTH AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUV RHEINLAND 401(K) PROFIT SHARING PLAN, TUV RHEINLAND OF NORTH AMERICA

TUV RHEINLAND OF NORTH AMERICAEIN 26-2797284Plan #001PY 2017

12 COMMERCE ROAD - NEWTOWN, CT 06470203-426-0888LinkedIn501-1000 employeespublic safety

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$31.6M

+15.3% from 2016

Total participants

411

+7.3% from 2016

Average account balance

$98,402

+4.2% from 2016

Annual return

17.11%

+6.78 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$52.63M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

415

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$128,430
NEW ENGLAND PENSION CONSULTANTS1 year Filed as: NEW ENGLAND RET. CONSULTANTS, INC. Service code 27 · EIN 20-5322603	Advisory (Plan)	$43,961
COHN REZNICK LLP1 year Service code 50 · EIN 22-1478099	Direct Payment	$31,691
AMERICAN FUNDS1 year Service code 52 · EIN 95-6799669	Indirect Investment Fees	$0
ARTISAN PARTNERS1 year Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
DELAWARE INVESTMENTS1 year Service code 52 · EIN 23-2448660	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1 year Filed as: DREYFUS Service code 52 · EIN 04-3106135	Indirect Investment Fees	$0
HARBOR1 year Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2R3D2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$205K

$581 / participant

Investment mgmt$167K81.4%
Contract admin$4K2.1%
Other / not subdivided$34K16.5%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,402

$155,795-36.8%

$136,294-27.8%

$69,631+41.3%

Participation rate

74.5%

75.2%-0.7pp

81.9%-7.4pp

70.7%+3.8pp

Annual return

17.11%

232464.33%-232447.2pp

5155.94%-5138.8pp

27571.02%-27553.9pp

Employer contribution / active EE

$3,153

$2,991+5.4%

$4,695-32.8%

$2,032+55.2%

Participant deferral / active EE

$5,571

$5,394+3.3%

$6,247-10.8%

$3,224+72.8%

Admin fee / account holder

$639

$128+397.9%

$9,243-93.1%

$110+478.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$128,430

NEW ENGLAND PENSION CONSULTANTS1 year

Filed as: NEW ENGLAND RET. CONSULTANTS, INC.

Service code 27 · EIN 20-5322603

Advisory (Plan)

$43,961

COHN REZNICK LLP1 year

Service code 50 · EIN 22-1478099

Direct Payment

$31,691

AMERICAN FUNDS1 year

Service code 52 · EIN 95-6799669

Indirect Investment Fees

ARTISAN PARTNERS1 year

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

DELAWARE INVESTMENTS1 year

Service code 52 · EIN 23-2448660

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1 year

Filed as: DREYFUS

Service code 52 · EIN 04-3106135

Indirect Investment Fees

HARBOR1 year

Service code 52 · EIN 34-1953393

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

TUV RHEINLAND 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUV RHEINLAND 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