Retirement plan

TECHNICA LLC 401(K) PLAN

Name: TECHNICA LLC - TECHNICA LLC 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$16.1M

+10.9% from 2019

Total participants

2,005

+18.7% from 2019

Average account balance

$8,780

-4.8% from 2019

Annual return

15.19%

-13.07 pp from 2019

Benchmarks

See 305 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort305 peers

Snapshot2020

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: GREAT-WEST LIFE AND ANNUITY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$106,896
MY BENEFITS, LLC5 years Filed as: MY BENEFITS LLC Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$57,460
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 322466484	Advisory (Plan)	$14,696
FIRST PARTY ADMINISTRATOR, LLC3 years Filed as: FIRST PARTY ADMINISTRATORS, LLC Service code 13 PO BOX 745680 · ATLANTA, GA 303745680	Contract Administrator	$12,246
MY BENEFITS, LLC3 years Service code 13	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,610
USI CONSULTING GROUP2 years Filed as: USI ADVISORS, INC. Service code 99 95 GLASTOBURY BLVD STE 102 · GLASTONBURY, CT 06033	Other Fees	$3,897

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$140K

$109 / participant

Other / not subdivided$140K100.0%

% of EOY assets

0.873%

all-in expense ratio

Categories reported

0 / 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

$8,780

$46,219-81.0%

$89,400-90.2%

$90,274-90.3%

Participation rate

86.4%

44.9%+41.5pp

68.0%+18.5pp

73.4%+13.1pp

Annual return

15.19%

25.71%-10.5pp

245.64%-230.5pp

53.97%-38.8pp

Employer contribution / active EE

$3,265

$953+242.6%

$2,586+26.3%

$2,523+29.4%

Participant deferral / active EE

$1,051

$2,136-50.8%

$3,890-73.0%

$4,231-75.2%

Admin fee / account holder

$77

$147-47.8%

$4,882-98.4%

$114-32.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: GREAT-WEST LIFE AND ANNUITY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$106,896

MY BENEFITS, LLC5 years

Filed as: MY BENEFITS LLC

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$57,460

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 322466484

Advisory (Plan)

$14,696

FIRST PARTY ADMINISTRATOR, LLC3 years

Filed as: FIRST PARTY ADMINISTRATORS, LLC

Service code 13

PO BOX 745680 · ATLANTA, GA 303745680

Contract Administrator

$12,246

MY BENEFITS, LLC3 years

Service code 13

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,610

USI CONSULTING GROUP2 years

Filed as: USI ADVISORS, INC.

Service code 99

95 GLASTOBURY BLVD STE 102 · GLASTONBURY, CT 06033

Other Fees

$3,897

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