Retirement plan

HEALTHIER YOU, FINANCIAL WELLNESS 401(K) PLAN

Name: TITAN DEVELOPMENT AND INVESTMENTS, INC. - HEALTHIER YOU, FINANCIAL WELLNESS 401(K) PLAN (2021) Form 5500
Creator: TITAN DEVELOPMENT AND INVESTMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHIER YOU, FINANCIAL WELLNESS 401(K) PLAN, TITAN DEVELOPMENT AND INVESTMENTS, INC.

TITAN DEVELOPMENT AND INVESTMENTS, INC.EIN 41-1323542Plan #002PY 2021

30 3RD STREET SE, SUITE 600 - ROCHESTER, MN 55904507-289-6400

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.9M

+20.9% from 2020

Total participants

181

+3.4% from 2020

Average account balance

$43,258

+25.2% from 2020

Annual return

17.96%

+0.90 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.10M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

194

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$721K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$311

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 4 by compensation

Provider	Service type	Compensation
CARLSON CAPITAL MANAGEMENT5 years Filed as: CARLSON CAPITAL MANAGEMENT, LLC Service code 27 11 BRIDGE SQUARE · NORTHFIELD, MN 55057	Advisory (Plan)	$26,577
NATIONWIDE6 years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$17,323
NEWPORT GROUP, INC.2 years Service code 15 · EIN 42-1451295 1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266	Recordkeeping	$6,916
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP Service code 15 · EIN 27-2037969 1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266	Recordkeeping	$6,730

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$36K

$197 / participant

Contract admin$36K100.0%

% of EOY assets

0.729%

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: SMITH, SCHAFER & ASSOCIATES, LTD
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,258

$77,677-44.3%

$109,173-60.4%

$79,391-45.5%

Participation rate

62.4%

67.8%-5.4pp

75.9%-13.4pp

70.7%-8.3pp

Annual return

17.96%

23.44%-5.5pp

25.75%-7.8pp

116.88%-98.9pp

Employer contribution / active EE

$1,112

$2,798-60.3%

$3,723-70.1%

$2,428-54.2%

Participant deferral / active EE

$2,071

$3,517-41.1%

$4,654-55.5%

$4,046-48.8%

Admin fee / account holder

$316

$732-56.9%

$6,755-95.3%

$627-49.6%

Provider

Service type

Compensation

CARLSON CAPITAL MANAGEMENT5 years

Filed as: CARLSON CAPITAL MANAGEMENT, LLC

Service code 27

11 BRIDGE SQUARE · NORTHFIELD, MN 55057

Advisory (Plan)

$26,577

NATIONWIDE6 years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$17,323

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 42-1451295

1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266

Recordkeeping

$6,916

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP

Service code 15 · EIN 27-2037969

1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266

Recordkeeping

$6,730

HEALTHIER YOU, FINANCIAL WELLNESS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHIER YOU, FINANCIAL WELLNESS 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