Retirement plan

TALON TECHNICAL SERVICES 401(K) PLAN

Name: TALON TECHNICAL SERVICES LLC - TALON TECHNICAL SERVICES 401(K) PLAN (2024) Form 5500
Creator: TALON TECHNICAL SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TALON TECHNICAL SERVICES 401(K) PLAN, TALON TECHNICAL SERVICES LLC

TALON TECHNICAL SERVICES LLCdba TALON TECHNICAL SERVICESEIN 36-4737048Plan #001PY 2024

2705 ARTIE ST., BLDG 400, SUITE 29 - HUNTSVILLE, AL 35805256-468-2630talontechnicalservices.comLinkedIn1-10 employeeslogistics and supply chain

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+43.0% from 2023

Total participants

189

-10.4% from 2023

Average account balance

$24,210

+57.5% from 2023

Annual return

12.47%

-4.77 pp from 2023

Benchmarks

See 1,414 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,414 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

187

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP4 years Service code 12 · EIN 93-1253576	Custodial (other than securities); Re...	$55,224

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$23K

$130 / participant

Contract admin$23K100.0%

% of EOY assets

0.511%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PORTE BROWN, LLC
Auditor EIN: 362663358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,210

$45,123-46.3%

$85,240-71.6%

$74,478-67.5%

Participation rate

98.9%

49.4%+49.5pp

67.5%+31.3pp

67.2%+31.7pp

Annual return

12.47%

26.32%-13.8pp

66.75%-54.3pp

1370.56%-1358.1pp

Employer contribution / active EE

$3,971

$1,459+172.3%

$2,735+45.2%

$2,626+51.2%

Participant deferral / active EE

$3,201

$2,736+17.0%

$4,527-29.3%

$4,350-26.4%

Admin fee / account holder

$124

$2,215-94.4%

$6,165-98.0%

$1,946-93.6%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP4 years

Service code 12 · EIN 93-1253576

Custodial (other than securities); Re...

$55,224

TALON TECHNICAL SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TALON TECHNICAL SERVICES 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