Retirement plan

TEMEG HOLDINGS, INC. RETIREMENT SAVINGS PLAN

Name: TEMEG HOLDINGS, INC. - TEMEG HOLDINGS, INC. RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: TEMEG HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEMEG HOLDINGS, INC. RETIREMENT SAVINGS PLAN, TEMEG HOLDINGS, INC.

TEMEG HOLDINGS, INC.EIN 27-3454290Plan #001PY 2022

P.O. BOX 429, 5640 HUDSON INDUSTRIAL PARKWAY - HUDSON, OH 442360429330-655-8364LinkedIn51-200 employeescomputer software

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$7.3M

-6.1% from 2021

Total participants

358

+9.5% from 2021

Average account balance

$26,002

-17.8% from 2021

Annual return

-13.77%

-29.32 pp from 2021

Benchmarks

See 1,338 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,338 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.15M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

342

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+15.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 2 by compensation

Provider	Service type	Compensation
VALMARK ADVISERS INC1 year Filed as: VALMARK ADVISERS, INC. Service code 26 · EIN 31-1509466	Advisory (Participants)	$4,680
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,124

Plan features & details

Pension benefit codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$43K

$144 / participant

Investment mgmt$5K10.9%
Contract admin$38K89.1%

% of EOY assets

0.592%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,002

$71,142-63.5%

$119,622-78.3%

$64,819-59.9%

Participation rate

74.0%

78.6%-4.6pp

79.3%-5.3pp

71.5%+2.5pp

Annual return

-13.77%

-10.01%-3.8pp

-14.98%+1.2pp

32.84%-46.6pp

Employer contribution / active EE

$253

$2,497-89.9%

$4,232-94.0%

$2,507-89.9%

Participant deferral / active EE

$2,837

$4,490-36.8%

$5,601-49.3%

$4,311-34.2%

Admin fee / account holder

$154

$162-5.1%

$10,328-98.5%

$188-18.1%

Provider

Service type

Compensation

VALMARK ADVISERS INC1 year

Filed as: VALMARK ADVISERS, INC.

Service code 26 · EIN 31-1509466

Advisory (Participants)

$4,680

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,124

TEMEG HOLDINGS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEMEG HOLDINGS, INC. RETIREMENT SAVINGS 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