Retirement plan

TUSCOLA BUILDERS, INC. EMPLOYEES SAVINGS TRUST

Name: TUSCOLA BUILDERS, INC. - TUSCOLA BUILDERS, INC. EMPLOYEES SAVINGS TRUST (2022) Form 5500
Creator: TUSCOLA BUILDERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUSCOLA BUILDERS, INC. EMPLOYEES SAVINGS TRUST, TUSCOLA BUILDERS, INC.

TUSCOLA BUILDERS, INC.EIN 37-1376979Plan #001PY 2022

302 N. CHICAGO AVE. - TUSCOLA, IL 61953217-253-2375LinkedIn11-50 employeesglass, ceramics & concrete

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$504K

-15.5% from 2021

Total participants

-27.3% from 2021

Average account balance

$63,001

+5.6% from 2021

Annual return

-19.37%

-30.43 pp from 2021

Benchmarks

See 8,667 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,667 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$723K

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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 codes2E2F2G2J3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$14K

$3426 / participant

Other / not subdivided$14K100.0%

% of EOY assets

2.719%

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

$63,001

$105,867-40.5%

$90,760-30.6%

$134,532-53.2%

Participation rate

100.0%

78.3%+21.7pp

75.7%+24.3pp

81.2%+18.8pp

Annual return

-19.37%

-10.99%-8.4pp

-12.16%-7.2pp

418.27%-437.6pp

Employer contribution / active EE

$1,769

$3,464-48.9%

$2,922-39.5%

$4,741-62.7%

Participant deferral / active EE

$7,369

$5,217+41.2%

$4,565+61.4%

$6,401+15.1%

Admin fee / account holder

$1,713

$13,936-87.7%

$8,444-79.7%

$11,429-85.0%

TUSCOLA BUILDERS, INC. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUSCOLA BUILDERS, INC. EMPLOYEES SAVINGS TRUST

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