Retirement plan

TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: TIMCO RUBBER PRODUCTS, INC. - TIMCO RUBBER PRODUCTS, INC. EMPLOYEES' PROFIT SHARING PLAN (2023) 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 2023

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)

$5.8M

+5.4% from 2022

Total participants

+4.2% from 2022

Average account balance

$276,417

+5.4% from 2022

Annual return

16.01%

+32.35 pp from 2022

Benchmarks

See 23,805 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,805 peers

Snapshot2023

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

$970K

$40417 / participant

Other / not subdivided$970K100.0%

% of EOY assets

16.710%

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

$276,417

$154,209+79.2%

$130,062+112.5%

$139,487+98.2%

Participation rate

83.3%

82.0%+1.4pp

78.5%+4.8pp

80.3%+3.0pp

Annual return

16.01%

32.52%-16.5pp

-137.37%+153.4pp

373.84%-357.8pp

Employer contribution / active EE

$16,185

$5,292+205.8%

$4,322+274.5%

$4,755+240.4%

Participant deferral / active EE

$6,709-100.0%

$5,821-100.0%

$6,713-100.0%

Admin fee / account holder

$46,191

$13,988+230.2%

$10,601+335.7%

$11,407+304.9%

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