Retirement plan

TBC CORPORATION SAFE HARBOR 401(K) PLAN

Name: TBC CORPORATION - TBC CORPORATION SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: TBC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TBC CORPORATION SAFE HARBOR 401(K) PLAN, TBC CORPORATION

TBC CORPORATIONEIN 31-0600670Plan #003PY 2024

4300 TBC WAY - PALM BEACH GARDENS, FL 33410561-383-3000

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed October 18, 2004 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$232M

+4.4% from 2023

Total participants

4,241

-2.6% from 2023

Average account balance

$75,072

+7.6% from 2023

Annual return

13.88%

-4.10 pp from 2023

Benchmarks

See 392 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort392 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$232.05M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

3,091

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.

54.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Sales...	$168,445
MERCER7 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 27 · EIN 30-0282430	Advisory (Plan)	$91,321
LBMC, PC7 years Service code 10 · EIN 62-1199757	Accounting	$17,750
STEEL PEAK WEALTH MGMT LLC2 years Filed as: STEELPEAK WEALTH Service code 33 · EIN 46-1173026	Securities brokerage commissions and ...	$8,368
CHARLES SCHWAB & CO., INC.7 years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$2,624
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2T3D3H

Plan features

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$289K

$114 / participant

Recordkeeping$168K58.4%
Investment mgmt$102K35.5%
Other / not subdivided$18K6.2%

% of EOY assets

0.124%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LBMC PC
Auditor EIN: 621199757
Audit fees: $17,750
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,072

$48,669+54.3%

$93,654-19.8%

$199,768-62.4%

Participation rate

54.6%

63.7%-9.1pp

68.7%-14.1pp

72.0%-17.4pp

Annual return

13.88%

15.38%-1.5pp

133.34%-119.5pp

34.26%-20.4pp

Employer contribution / active EE

$2,121

$1,137+86.5%

$2,421-12.4%

$3,037-30.2%

Participant deferral / active EE

$3,637

$2,823+28.9%

$4,413-17.6%

$5,090-28.5%

Admin fee / account holder

$93

$195-52.1%

$8,282-98.9%

$269-65.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Sales...

$168,445

MERCER7 years

Filed as: MERCER INVESTMENT MANAGEMENT

Service code 27 · EIN 30-0282430

Advisory (Plan)

$91,321

LBMC, PC7 years

Service code 10 · EIN 62-1199757

Accounting

$17,750

STEEL PEAK WEALTH MGMT LLC2 years

Filed as: STEELPEAK WEALTH

Service code 33 · EIN 46-1173026

Securities brokerage commissions and ...

$8,368

CHARLES SCHWAB & CO., INC.7 years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$2,624

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

TBC CORPORATION SAFE HARBOR 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TBC CORPORATION SAFE HARBOR 401(K) PLAN

Top hat statement on fileNQDC

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