Retirement plan

TECHNICA LLC 401(K) PLAN

Name: TECHNICA LLC - TECHNICA LLC 401(K) PLAN (2018) Form 5500
Creator: TECHNICA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHNICA LLC 401(K) PLAN, TECHNICA LLC

TECHNICA LLCEIN 43-2036786Plan #001PY 2018

1 COOL BLOW STREET, SUITE 201 - CHARLESTON, SC 29403843-822-9605technicanow.comLinkedIn201-500 employeesdefense & space

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.7M

+163.6% from 2017

Total participants

1,367

+73.7% from 2017

Average account balance

$6,519

+25.8% from 2017

Annual return

137.43%

+133.01 pp from 2017

Benchmarks

See 286 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort286 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.60M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,049

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.

72.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 10 of 15 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE AND ANNUITY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,137
JONES POUNDER1 year Filed as: JONES POUNDER & ASSOCIATES Service code 10 7 GAMECOCK AVENUE, STE. 704 · CHARLESTON, SC 29407	Accounting	$10,340
FIRST PARTY ADMINISTRATOR, LLC3 years Filed as: FIRST PARTY ADMINISTRATOR Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$9,630
FIRST PARTY ADMINISTRATOR, LLC1 year Filed as: FIRST PARTY ADMINISTRATORS, LLC Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$9,630
ROYAL ALLIANCE ASSOCIATES INC3 years Filed as: ROYAL ALLIANCE ASSOCIATES INC. Service code 55 ONE WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Other Commissions	$8,756
MY BENEFITS, LLC3 years Filed as: MY BENEFITS LLC Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$8,059
NOVA 401(K) ASSOCIATES1 year Service code 13 10777 NORTHWEST FREEWAY, STE. 440 · HOUSTON, TX 77092	Contract Administrator	$5,714
ADMINISTRATOR PLANNING SERVICES INC1 year Filed as: ADMINISTRATOR FIDUCIARY SERVICES Service code 99 10777 NORTHWEST FWY, STE. 440 · HOUSTON, TX 77092	Other Fees	$2,171
MY BENEFITS, LLC1 year Service code 13	Contract Administrator	$1,967
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,810

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$56K

$46 / participant

Investment mgmt$56K100.0%

% of EOY assets

0.645%

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: JONES, POUNDER & ASSOCIATES, P.C.
Auditor EIN: 570725618
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,519

$34,242-81.0%

$76,518-91.5%

$75,289-91.3%

Participation rate

97.4%

43.9%+53.5pp

68.0%+29.4pp

72.4%+25.0pp

Annual return

137.43%

-0.98%+138.4pp

-0.27%+137.7pp

-0.04%+137.5pp

Employer contribution / active EE

$528

$975-45.9%

$2,647-80.1%

$2,405-78.1%

Participant deferral / active EE

$897

$1,872-52.1%

$3,836-76.6%

$3,739-76.0%

Admin fee / account holder

$42

$112-62.4%

$4,849-99.1%

$102-58.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE AND ANNUITY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,137

JONES POUNDER1 year

Filed as: JONES POUNDER & ASSOCIATES

Service code 10

7 GAMECOCK AVENUE, STE. 704 · CHARLESTON, SC 29407

Accounting

$10,340

FIRST PARTY ADMINISTRATOR, LLC3 years

Filed as: FIRST PARTY ADMINISTRATOR

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$9,630

FIRST PARTY ADMINISTRATOR, LLC1 year

Filed as: FIRST PARTY ADMINISTRATORS, LLC

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$9,630

ROYAL ALLIANCE ASSOCIATES INC3 years

Filed as: ROYAL ALLIANCE ASSOCIATES INC.

Service code 55

ONE WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Other Commissions

$8,756

MY BENEFITS, LLC3 years

Filed as: MY BENEFITS LLC

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$8,059

NOVA 401(K) ASSOCIATES1 year

Service code 13

10777 NORTHWEST FREEWAY, STE. 440 · HOUSTON, TX 77092

Contract Administrator

$5,714

ADMINISTRATOR PLANNING SERVICES INC1 year

Filed as: ADMINISTRATOR FIDUCIARY SERVICES

Service code 99

10777 NORTHWEST FWY, STE. 440 · HOUSTON, TX 77092

Other Fees

$2,171

MY BENEFITS, LLC1 year

Service code 13

Contract Administrator

$1,967

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,810

TECHNICA LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHNICA 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