Retirement plan

TSG FINISHING, LLC 401(K) PLAN

Name: TSG FINISHING, LLC - TSG FINISHING, LLC 401(K) PLAN (2023) Form 5500
Creator: TSG FINISHING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSG FINISHING, LLC 401(K) PLAN, TSG FINISHING, LLC

TSG FINISHING, LLCEIN 45-1980175Plan #003PY 2023

7 N WATERLOO RD., PO BOX 897 - DEVON, PA 19333215-628-2000

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+7.7% from 2022

Total participants

128

-15.8% from 2022

Average account balance

$41,424

+36.2% from 2022

Annual return

14.38%

+31.28 pp from 2022

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.37M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

118

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$194K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION9+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP. Service code 55 · EIN 35-1151034	Other Commissions	$11,412

Plan features & details

Pension benefit codes2A2E2G2J2T3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$19 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DAVIDSON, HOLLAND, WHITESELL & CO.
Auditor EIN: 561706742
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,424

$56,423-26.6%

$77,163-46.3%

$71,457-42.0%

Participation rate

89.2%

64.3%+24.9pp

69.6%+19.6pp

67.9%+21.3pp

Annual return

14.38%

19.05%-4.7pp

37.87%-23.5pp

28.85%-14.5pp

Employer contribution / active EE

$559

$1,866-70.0%

$2,535-77.9%

$2,588-78.4%

Participant deferral / active EE

$1,287

$3,142-59.0%

$3,833-66.4%

$4,289-70.0%

Admin fee / account holder

$16

$1,429-98.9%

$5,472-99.7%

$1,587-99.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION9+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORP.

Service code 55 · EIN 35-1151034

Other Commissions

$11,412

TSG FINISHING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSG FINISHING, 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