Retirement plan

J.T.M. PROVISIONS COMPANY, INC. PROFIT SHARING PLAN

Name: J.T.M. PROVISIONS COMPANY, INC. - J.T.M. PROVISIONS COMPANY, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: J.T.M. PROVISIONS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.T.M. PROVISIONS COMPANY, INC. PROFIT SHARING PLAN, J.T.M. PROVISIONS COMPANY, INC.

J.T.M. PROVISIONS COMPANY, INC.EIN 31-0855794Plan #001PY 2020

200 SALES DRIVE - HARRISON, OH 45030513-367-4900

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$35.1M

+2.0% from 2019

Total participants

580

+25.5% from 2019

Average account balance

$61,506

-17.3% from 2019

Annual return

8.38%

-12.23 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.54M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

715

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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
TRI-AD ACTUARIES, INC.1 year Filed as: TRI-STATE PLAN ADMINISTRATION, INC Service code 13 30 GARFIELD PLACE STE 520 · CINCINNATI, OH 452024368	Contract Administrator	$1,700
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 63 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	12b-1 Fees	$425

Plan features & details

Pension benefit codes2E2J2K3D2F2G

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$4 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.006%

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: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,506

$61,473+0.1%

$81,926-24.9%

$73,412-16.2%

Participation rate

98.2%

72.4%+25.8pp

72.0%+26.2pp

72.2%+26.0pp

Annual return

8.38%

28.26%-19.9pp

29.49%-21.1pp

59.30%-50.9pp

Employer contribution / active EE

$2,319

$1,898+22.2%

$4,310-46.2%

$2,234+3.8%

Participant deferral / active EE

$2,893

$3,080-6.1%

$7,108-59.3%

$3,806-24.0%

Admin fee / account holder

$125-97.0%

$5,159-99.9%

$158-97.6%

Provider

Service type

Compensation

TRI-AD ACTUARIES, INC.1 year

Filed as: TRI-STATE PLAN ADMINISTRATION, INC

Service code 13

30 GARFIELD PLACE STE 520 · CINCINNATI, OH 452024368

Contract Administrator

$1,700

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 63

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

12b-1 Fees

$425

J.T.M. PROVISIONS COMPANY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.T.M. PROVISIONS COMPANY, INC. 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