Retirement plan

TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: TIMCO RUBBER PRODUCTS, INC. - TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN (2024) Form 5500
Creator: TIMCO RUBBER PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN, TIMCO RUBBER PRODUCTS, INC.

TIMCO RUBBER PRODUCTS, INC.EIN 34-0798596Plan #001PY 2024

125 BLAZE INDUSTRIAL PARKWAY - BEREA, OH 44017216-267-6242timcorubber.comLinkedIn11-50 employeesplastics

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.2M

+7.4% from 2023

Total participants

-8.0% from 2023

Average account balance

$311,774

+12.8% from 2023

Annual return

12.05%

-3.95 pp from 2023

Benchmarks

See 23,845 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.24M

Not enough data

1 years with asset history on file

Average account balance

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

$312K

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.

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$365K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31709

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$634K

$33378 / participant

Other / not subdivided$634K100.0%

% of EOY assets

10.171%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$311,774

$166,268+87.5%

$165,100+88.8%

$145,897+113.7%

Participation rate

84.2%

82.0%+2.2pp

78.6%+5.6pp

80.3%+3.9pp

Annual return

12.05%

100.52%-88.5pp

70.21%-58.2pp

552.29%-540.2pp

Employer contribution / active EE

$19,225

$5,284+263.8%

$4,348+342.2%

$4,663+312.3%

Participant deferral / active EE

$6,964-100.0%

$6,035-100.0%

$6,689-100.0%

Admin fee / account holder

$31,709

$16,659+90.3%

$12,696+149.8%

$13,390+136.8%

TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' 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