Retirement plan

TEAM TEN, LLC 401(K) PLAN

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

TEAM TEN, LLCEIN 43-1973467Plan #001PY 2019

1600 PENNSYLVANIA AVENUE - TYRONE, PA 16686814-684-1610LinkedIn201-500 employeespaper & forest products

Prospect flagsLow returnsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$4M

-2.9% from 2018

Total participants

224

+4.2% from 2018

Average account balance

$22,203

-6.7% from 2018

Annual return

17.59%

+15.11 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

$6.73M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

208

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$761K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850	Other Services	$26,509
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: RETIREMENT PLAN SOLUTIONS Service code 13 · EIN 30-0337628	Contract Administrator	$11,188
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INS SERVICES Service code 53 · EIN 51-0116113	Insurance Commissions	$9,198
AB FUNDS1 year Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
RIDGEWORTH1 year Service code 52 · EIN 95-6981193	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$132 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.671%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: YOUNG, OAKES, BROWN & CO., P.C.
Auditor EIN: 251589048
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,203

$66,319-66.5%

$93,614-76.3%

$65,185-65.9%

Participation rate

77.1%

74.0%+3.1pp

75.8%+1.3pp

70.2%+6.9pp

Annual return

17.59%

42.59%-25.0pp

32.76%-15.2pp

29.38%-11.8pp

Employer contribution / active EE

$320

$2,013-84.1%

$2,718-88.2%

$2,177-85.3%

Participant deferral / active EE

$1,920

$3,343-42.6%

$4,069-52.8%

$3,514-45.4%

Admin fee / account holder

$149

$6,900-97.8%

$7,889-98.1%

$847-82.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

Other Services

$26,509

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: RETIREMENT PLAN SOLUTIONS

Service code 13 · EIN 30-0337628

Contract Administrator

$11,188

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INS SERVICES

Service code 53 · EIN 51-0116113

Insurance Commissions

$9,198

AB FUNDS1 year

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 59-6865210

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-1036175

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52 · EIN 95-2632339

Indirect Investment Fees

RIDGEWORTH1 year

Service code 52 · EIN 95-6981193

Indirect Investment Fees

TEAM TEN, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAM TEN, LLC 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