Retirement plan

TEXO MEMBERS 401(K) PLAN

Name: TEXO ABC/AGC, INC. - TEXO MEMBERS 401(K) PLAN (2021) Form 5500
Creator: TEXO ABC/AGC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXO MEMBERS 401(K) PLAN, TEXO ABC/AGC, INC.

TEXO ABC/AGC, INC.EIN 32-0274111Plan #002PY 2021

11101 STEMMONS FREEWAY - DALLAS, TX 75229972-647-0697

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$124.4M

+14.8% from 2020

Total participants

6,624

+18.2% from 2020

Average account balance

$44,575

+9.8% from 2020

Annual return

13.43%

-0.46 pp from 2020

Benchmarks

See 1,137 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,137 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$117.08M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

2,149

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.

23.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

-7.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$414

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$560,047
PINNACLE FINANCIAL SERVICES, INC.2 years Service code 15 · EIN 59-2438373	Recordkeeping	$83,989
SOLTIS INVESTMENT ADVISORS1 year Service code 27 · EIN 27-3188744	Advisory (Plan)	$78,401
3(16) FIDUCIARY SERVICES CORP2 years Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO Service code 14 · EIN 45-4813650	Plan Administrator	$22,008
MOGUL INSURANCE AGENCY1 year Service code 99 · EIN 81-5191394	Other Fees	$10,000
TEMPLETON & COMPANY LLP1 year Filed as: TEMPLETON & COMPANY, LLP Service code 10 · EIN 14-1918990	Accounting	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$773K

$138 / participant

Contract admin$645K83.4%
Other / not subdivided$128K16.6%

% of EOY assets

0.622%

all-in expense ratio

Categories reported

1 / 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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,575

$101,555-56.1%

$98,506-54.7%

$101,555-56.1%

Participation rate

31.4%

74.5%-43.2pp

73.3%-41.9pp

74.5%-43.2pp

Annual return

13.43%

21.00%-7.6pp

1494.92%-1481.5pp

21.00%-7.6pp

Employer contribution / active EE

$585

$2,972-80.3%

$2,961-80.3%

$2,972-80.3%

Participant deferral / active EE

$1,622

$4,874-66.7%

$4,277-62.1%

$4,874-66.7%

Admin fee / account holder

$277

$139+98.6%

$5,955-95.3%

$139+98.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$560,047

PINNACLE FINANCIAL SERVICES, INC.2 years

Service code 15 · EIN 59-2438373

Recordkeeping

$83,989

SOLTIS INVESTMENT ADVISORS1 year

Service code 27 · EIN 27-3188744

Advisory (Plan)

$78,401

3(16) FIDUCIARY SERVICES CORP2 years

Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO

Service code 14 · EIN 45-4813650

Plan Administrator

$22,008

MOGUL INSURANCE AGENCY1 year

Service code 99 · EIN 81-5191394

Other Fees

$10,000

TEMPLETON & COMPANY LLP1 year

Filed as: TEMPLETON & COMPANY, LLP

Service code 10 · EIN 14-1918990

Accounting

$10,000

TEXO MEMBERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXO MEMBERS 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