Retirement plan

TSAY FEDERAL CONTRACTING COMPANIES 401(K) PLAN

Name: TSAY FEDERAL CONTRACTING COMPANIES - TSAY FEDERAL CONTRACTING COMPANIES 401(K) PLAN (2023) Form 5500
Creator: TSAY FEDERAL CONTRACTING COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSAY FEDERAL CONTRACTING COMPANIES 401(K) PLAN, TSAY FEDERAL CONTRACTING COMPANIES

TSAY FEDERAL CONTRACTING COMPANIESEIN 27-0083965Plan #001PY 2023

347 EAGLE ROAD - OHKAY OWINGEH, NM 87566505-747-0700

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.3M

+5.1% from 2022

Total participants

545

-2.7% from 2022

Average account balance

$27,781

+6.2% from 2022

Annual return

11.31%

+25.03 pp from 2022

Benchmarks

See 821 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort821 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.95M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

467

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.

77.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$126

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$51,509
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,101
PATTISON PENSION SPECIALISTS, INC.9+ years Service code 13 · EIN 85-0437924 3150 CARLISLE BLVD. N.E., SUITE 211 · ALBUQUERQUE, NM 87110	Contract Administrator	$3,420
PATTISON PENSION SPECIALISTS, INC.2 years Filed as: PATTISON PENSION SPECIALISTS, INC Service code 13	Contract Administrator	$0
US BANCORP INVESTMENTS INC9+ years Filed as: US BANCORP INVESTMENTS, INC. Service code 55	Other Commissions	$0
US BANK2 years Filed as: US BANKCORP INVESTMENTS INC Service code 55 7TH AND WASHINGTON 22ND FLOOR · ST LOUIS, MO 63101	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

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

$67K

$212 / participant

Investment mgmt$67K100.0%

% of EOY assets

0.507%

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: BLUEBIRD CPA'S
Auditor EIN: 261571066
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,781

$40,386-31.2%

$80,607-65.5%

$74,440-62.7%

Participation rate

78.9%

47.4%+31.5pp

67.0%+11.9pp

70.7%+8.1pp

Annual return

11.31%

165.00%-153.7pp

936.11%-924.8pp

34.37%-23.1pp

Employer contribution / active EE

$2,813

$1,496+88.1%

$2,724+3.3%

$2,638+6.6%

Participant deferral / active EE

$1,246

$2,670-53.3%

$4,448-72.0%

$4,529-72.5%

Admin fee / account holder

$141

$720-80.4%

$5,379-97.4%

$348-59.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$51,509

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,101

PATTISON PENSION SPECIALISTS, INC.9+ years

Service code 13 · EIN 85-0437924

3150 CARLISLE BLVD. N.E., SUITE 211 · ALBUQUERQUE, NM 87110

Contract Administrator

$3,420

PATTISON PENSION SPECIALISTS, INC.2 years

Filed as: PATTISON PENSION SPECIALISTS, INC

Service code 13

Contract Administrator

US BANCORP INVESTMENTS INC9+ years

Filed as: US BANCORP INVESTMENTS, INC.

Service code 55

Other Commissions

US BANK2 years

Filed as: US BANKCORP INVESTMENTS INC

Service code 55

7TH AND WASHINGTON 22ND FLOOR · ST LOUIS, MO 63101

Other Commissions

TSAY FEDERAL CONTRACTING COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSAY FEDERAL CONTRACTING COMPANIES 401(K) 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