Retirement plan

TWIN STATE, INC. 401(K) PLAN

Name: TWIN STATE, INC. - TWIN STATE, INC. 401(K) PLAN (2019) Form 5500
Creator: TWIN STATE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN STATE, INC. 401(K) PLAN, TWIN STATE, INC.

TWIN STATE, INC.EIN 42-0817373Plan #002PY 2019

3541 E KIMBERLY RD - DAVENPORT, IA 528072552563-359-3624twinstateinc.comLinkedIn201-500 employeeschemicals

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18M

+27.0% from 2018

Total participants

179

+6.5% from 2018

Average account balance

$100,806

+19.2% from 2018

Annual return

23.96%

+29.91 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.27M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

202

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$54,371
PROEQUITIES INC5+ years Filed as: PROEQUITIES, INC. Service code 49 · EIN 63-0879387	Other Services	$21,192
REISER, JENNINGS & CO., P.C.5+ years Service code 49 · EIN 42-0955680 1706 BRADY STREET, SUITE 306 · DAVENPORT, IA 52803	Other Services	$7,153
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TOM ENGELMANN, CPA
Auditor EIN: 261694987
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,806

$66,319+52.0%

$93,621+7.7%

$65,185+54.6%

Participation rate

100.0%

74.0%+26.0pp

75.8%+24.2pp

70.2%+29.8pp

Annual return

23.96%

42.59%-18.6pp

32.76%-8.8pp

29.38%-5.4pp

Employer contribution / active EE

$3,686

$2,013+83.2%

$2,719+35.6%

$2,177+69.4%

Participant deferral / active EE

$3,330

$3,343-0.4%

$4,070-18.2%

$3,514-5.2%

Admin fee / account holder

$6,900-100.0%

$7,890-100.0%

$847-100.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$54,371

PROEQUITIES INC5+ years

Filed as: PROEQUITIES, INC.

Service code 49 · EIN 63-0879387

Other Services

$21,192

REISER, JENNINGS & CO., P.C.5+ years

Service code 49 · EIN 42-0955680

1706 BRADY STREET, SUITE 306 · DAVENPORT, IA 52803

Other Services

$7,153

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

TWIN STATE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN STATE, INC. 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