Retirement plan

TRION SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Name: TRION SOLUTIONS, INC. - TRION SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: TRION SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRION SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN, TRION SOLUTIONS, INC.

TRION SOLUTIONS, INC.EIN 46-1334892Plan #001PY 2016

340 E. BIG BEAVER RD., SUITE 160 - TROY, MI 48083248-498-4800trionsolutionsinc.comLinkedIn1-10 employeeshuman resources

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.5M

+37.8% from 2015

Total participants

25,234

+1880.7% from 2015

Average account balance

$33,522

-4.6% from 2015

Annual return

28.68%

-43.09 pp from 2015

Benchmarks

See 979 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort979 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.58M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

4,088

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.

43.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.06M

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

+89.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4056830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$133,685
THE BENEFIT ADVANTAGE, INC.1 year Service code 15 · EIN 38-3254950 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Recordkeeping	$10,541
FENNER, MELSTROM, & DOOLING PLC2+ years Filed as: FENNER MELSTROM AND DOOLING PLC Service code 10 · EIN 38-1402622 355 S OLD WOODWARD AVE · BIRMINGHAM, MI 48009	Accounting	$8,750

Plan features & details

Pension benefit codes2E2J2K3D2F2G2A

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$153K

$6 / participant

Investment mgmt$144K94.3%
Other / not subdivided$9K5.7%

% of EOY assets

0.988%

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: FENNER, MELSTROM, & DOOLING, PLC
Auditor EIN: 381402622
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,522

$329,111-89.8%

$78,676-57.4%

$329,111-89.8%

Participation rate

1.2%

67.9%-66.7pp

73.6%-72.4pp

67.9%-66.7pp

Annual return

28.68%

16.35%+12.3pp

62.19%-33.5pp

16.35%+12.3pp

Employer contribution / active EE

$32

$2,303-98.6%

$2,850-98.9%

$2,303-98.6%

Participant deferral / active EE

$69

$3,682-98.1%

$3,517-98.0%

$3,682-98.1%

Admin fee / account holder

$331

$754-56.0%

$4,510-92.7%

$754-56.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4056830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$133,685

THE BENEFIT ADVANTAGE, INC.1 year

Service code 15 · EIN 38-3254950

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Recordkeeping

$10,541

FENNER, MELSTROM, & DOOLING PLC2+ years

Filed as: FENNER MELSTROM AND DOOLING PLC

Service code 10 · EIN 38-1402622

355 S OLD WOODWARD AVE · BIRMINGHAM, MI 48009

Accounting

$8,750

TRION SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRION SOLUTIONS, INC. 401(K) PROFIT SHARING 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