Retirement plan

TERASUMMIT INC. 401(K) PLAN

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

TERASUMMIT INC.EIN 47-2372508Plan #002PY 2019

745 E VALLEY BLVD STE 839 - SAN GABRIEL, CA 917763549213-915-8620LinkedIn1-10 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$646K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$217K

+66.9% from 2018

Total participants

+57.1% from 2018

Average account balance

$19,719

+6.2% from 2018

Annual return

11.07%

+15.00 pp from 2018

Benchmarks

See 7,787 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,787 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$785K

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

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.

225.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J

Plan features

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,719

$117,444-83.2%

$99,479-80.2%

$152,909-87.1%

Participation rate

100.0%

77.5%+22.5pp

73.8%+26.2pp

82.5%+17.5pp

Annual return

11.07%

31.87%-20.8pp

30.72%-19.7pp

345.46%-334.4pp

Employer contribution / active EE

$1,489

$3,014-50.6%

$2,540-41.4%

$4,764-68.7%

Participant deferral / active EE

$5,110

$4,086+25.0%

$3,619+41.2%

$5,851-12.7%

Admin fee / account holder

$7,635-100.0%

$6,253-100.0%

$11,601-100.0%

TERASUMMIT INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TERASUMMIT INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion