Retirement plan

TRICO GROUP, LLC 401(K) PLAN

Name: TRICO GROUP, LLC - TRICO GROUP, LLC 401(K) PLAN (2019) Form 5500
Creator: TRICO GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRICO GROUP, LLC 401(K) PLAN, TRICO GROUP, LLC

TRICO GROUP, LLCEIN 46-2872032Plan #002PY 2019

127 PUBLIC SQUARE,, SUITE 5110 - CLEVELAND, OH 44114248-371-1700

Prospect flagsLow assets / participantFailed to transmit contributionsFailed to provide benefit

Top hat statement on fileNQDC

Filed June 5, 2019

Plan administrator

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127 Public Square, Suite 5150

Cleveland State: OH Zip Code: 44114

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Plans declared (1)

Trico Group, LLC Deferred Compensation Plan6 emp

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Total assets (EOY)

$51M

-14.7% from 2019

Total participants

1,557

-10.2% from 2019

Average account balance

$35,565

-9.6% from 2019

Annual return

32.14%

-38.56 pp from 2019

Benchmarks

See 822 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort822 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$302.91M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

7,356

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+486.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$151,689
SEQUOIA FINANCIAL ADVISORS1 year Filed as: SEQUOIA FINANCIAL ADVISORS LLC Service code 27 · EIN 34-1913859	Advisory (Plan)	$84,069
COHEN & COMPANY1 year Filed as: COHEN & COMPANY, LTD. Service code 10 · EIN 34-1912961	Accounting	$75,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 27 · EIN 81-3968784	Advisory (Plan)	$66,368
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,963

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 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).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$386K

$366 / participant

Investment mgmt$9K2.3%
Other / not subdivided$377K97.7%

% of EOY assets

0.758%

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: COHEN & COMPANY, LLC
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,565

$105,173-66.2%

$87,102-59.2%

$77,775-54.3%

Participation rate

88.2%

85.8%+2.5pp

76.9%+11.4pp

73.2%+15.0pp

Annual return

32.14%

24.52%+7.6pp

28.19%+3.9pp

32.58%-0.4pp

Employer contribution / active EE

$1,061

$2,890-63.3%

$2,521-57.9%

$2,504-57.6%

Participant deferral / active EE

$3,379

$5,048-33.1%

$4,048-16.5%

$3,966-14.8%

Admin fee / account holder

$269

$105+157.7%

$7,493-96.4%

$100+169.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$151,689

SEQUOIA FINANCIAL ADVISORS1 year

Filed as: SEQUOIA FINANCIAL ADVISORS LLC

Service code 27 · EIN 34-1913859

Advisory (Plan)

$84,069

COHEN & COMPANY1 year

Filed as: COHEN & COMPANY, LTD.

Service code 10 · EIN 34-1912961

Accounting

$75,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 27 · EIN 81-3968784

Advisory (Plan)

$66,368

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,963

TRICO GROUP, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRICO GROUP, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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