Retirement plan

TAJ TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Name: TAJ TECHNOLOGIES, INC. - TAJ TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: TAJ TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAJ TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN, TAJ TECHNOLOGIES, INC.

TAJ TECHNOLOGIES, INC.EIN 41-1584592Plan #001PY 2020

7900 INTERNATIONAL DR. SUITE 405 - BLOOMINGTON, MN 55425651-688-2801LinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$10.3M

+19.7% from 2019

Total participants

128

-2.3% from 2019

Average account balance

$115,486

+31.8% from 2019

Annual return

15.30%

-4.70 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.43M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

163.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$283K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56125

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$34,818
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 115 SOUTH 84 ST · MILWAUKEE, WI 53214	Accounting	$12,575
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Service code 99 6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730	Other Fees	$10,422
TAX SHELTERED COMPENSATION, INC.2 years Filed as: TAX SHELTERED COMPENSATION INC Service code 13 7300 METRO BLVD · EDINA, MN 55439	Contract Administrator	$1,275
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$92
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA INVESTMENT SERVICES Service code 55	Other Commissions	$0
KESTRA INVESTMENT SERVICES LLC2 years Service code 55 5707 SOUTHWEST PKWY · AUSTIN, TX 78735	Other Commissions	$0
TAX SHELTERED COMPENSATION, INC.5 years Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$683 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.558%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,486

$98,766+16.9%

$149,730-22.9%

$79,852+44.6%

Participation rate

53.6%

75.8%-22.2pp

82.5%-28.9pp

69.6%-16.1pp

Annual return

15.30%

27.43%-12.1pp

276.70%-261.4pp

31.72%-16.4pp

Employer contribution / active EE

$523

$3,217-83.7%

$4,645-88.7%

$2,471-78.8%

Participant deferral / active EE

$6,808

$5,681+19.8%

$6,843-0.5%

$3,740+82.0%

Admin fee / account holder

$645

$6,052-89.3%

$9,310-93.1%

$5,306-87.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$34,818

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10

115 SOUTH 84 ST · MILWAUKEE, WI 53214

Accounting

$12,575

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Service code 99

6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730

Other Fees

$10,422

TAX SHELTERED COMPENSATION, INC.2 years

Filed as: TAX SHELTERED COMPENSATION INC

Service code 13

7300 METRO BLVD · EDINA, MN 55439

Contract Administrator

$1,275

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$92

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA INVESTMENT SERVICES

Service code 55

Other Commissions

KESTRA INVESTMENT SERVICES LLC2 years

Service code 55

5707 SOUTHWEST PKWY · AUSTIN, TX 78735

Other Commissions

TAX SHELTERED COMPENSATION, INC.5 years

Service code 13

Contract Administrator

TAJ TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAJ TECHNOLOGIES, INC. 401(K) 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