Retirement plan

TECHNICAL SOLUTIONS HOLDINGS 401(K) PLAN

Name: TECHNICAL SOLUTIONS HOLDINGS, INC. - TECHNICAL SOLUTIONS HOLDINGS 401(K) PLAN (2020) Form 5500
Creator: TECHNICAL SOLUTIONS HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHNICAL SOLUTIONS HOLDINGS 401(K) PLAN, TECHNICAL SOLUTIONS HOLDINGS, INC.

TECHNICAL SOLUTIONS HOLDINGS, INC.EIN 45-5316333Plan #001PY 2020

46400 CONTINENTAL DRIVE - CHESTERFIELD, MI 48047586-840-3200tecsol.comLinkedIn11-50 employeesinformation technology and services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.8M

No prior year

Total participants

165

No prior year

Average account balance

$49,914

No prior year

Annual return

11.66%

No prior year

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.51%

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FORESIGHT CAPITAL MGT ADVISORS1+ years Service code 26 · EIN 74-3254828	Advisory (Participants)	$20,201
SENTINEL PENSION ADVISORS1+ years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$17,026
PLANTE & MORAN, PLLC1+ years Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$14,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$47K

$384 / participant

Investment mgmt$35K74.7%
Other / not subdivided$12K25.3%

% of EOY assets

0.684%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE AND MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,914

$81,474-38.7%

$133,971-62.7%

$73,493-32.1%

Participation rate

77.0%

76.4%+0.7pp

79.8%-2.8pp

70.7%+6.4pp

Annual return

11.66%

19.40%-7.7pp

45.09%-33.4pp

28.51%-16.9pp

Employer contribution / active EE

$1,310

$2,209-40.7%

$3,919-66.6%

$2,270-42.3%

Participant deferral / active EE

$3,611

$3,786-4.6%

$5,047-28.5%

$3,740-3.4%

Admin fee / account holder

$342

$713-52.1%

$8,929-96.2%

$513-33.4%

Provider

Service type

Compensation

FORESIGHT CAPITAL MGT ADVISORS1+ years

Service code 26 · EIN 74-3254828

Advisory (Participants)

$20,201

SENTINEL PENSION ADVISORS1+ years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$17,026

PLANTE & MORAN, PLLC1+ years

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$14,750

TECHNICAL SOLUTIONS HOLDINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHNICAL SOLUTIONS HOLDINGS 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