Retirement plan

THOMPSON GRAY, INC. RETIREMENT PLAN

Name: THOMPSON GRAY, INC. - THOMPSON GRAY, INC. RETIREMENT PLAN (2020) Form 5500
Creator: THOMPSON GRAY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMPSON GRAY, INC. RETIREMENT PLAN, THOMPSON GRAY, INC.

THOMPSON GRAY, INC.EIN 26-2948541Plan #001PY 2020

4240 BALMORAL DRIVE SW - HUNTSVILLE, AL 35801256-582-1414thompsongrayinc.netLinkedIn201-500 employeesmanagement consulting

Prospect flagsHigh feesLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$10.3M

+40.3% from 2019

Total participants

220

+1.4% from 2019

Average account balance

$63,682

+45.6% from 2019

Annual return

19.64%

-17.28 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.47M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

281

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+21.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$339

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$32,367
WARREN AVERETT, LLC1 year Filed as: WARREN AVERETT ASSET MANAGEMENT LLC Service code 51 2500 · VESTAVIA, AL 42190	Investment Mgmt Fees	$9,566
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 AMS CONSULTING 0326-055 · ST PETERSBURG, FL 36070	Advisory (Plan)	$6,822

Plan features & details

Pension benefit codes2G2J2K2T3H3D2E2F

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$50K

$234 / participant

Other / not subdivided$50K100.0%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BMSS, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,682

$99,957-36.3%

$149,730-57.5%

$73,493-13.3%

Participation rate

72.2%

75.7%-3.5pp

82.5%-10.3pp

70.7%+1.5pp

Annual return

19.64%

53.87%-34.2pp

276.70%-257.1pp

28.51%-8.9pp

Employer contribution / active EE

$3,569

$3,191+11.8%

$4,645-23.2%

$2,270+57.2%

Participant deferral / active EE

$8,417

$6,073+38.6%

$6,843+23.0%

$3,740+125.1%

Admin fee / account holder

$308

$551-44.0%

$9,310-96.7%

$513-39.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$32,367

WARREN AVERETT, LLC1 year

Filed as: WARREN AVERETT ASSET MANAGEMENT LLC

Service code 51

2500 · VESTAVIA, AL 42190

Investment Mgmt Fees

$9,566

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 27

AMS CONSULTING 0326-055 · ST PETERSBURG, FL 36070

Advisory (Plan)

$6,822

THOMPSON GRAY, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMPSON GRAY, INC. RETIREMENT 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