Retirement plan

TERASUMMIT INC. 401(K) PLAN

Name: TERASUMMIT INC. - TERASUMMIT INC. 401(K) PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$998K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$318K

+46.4% from 2019

Total participants

0.0% from 2019

Average account balance

$28,874

+46.4% from 2019

Annual return

13.49%

+2.42 pp from 2019

Benchmarks

See 7,938 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,938 peers

Snapshot2020

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

$28,874

$121,701-76.3%

$104,639-72.4%

$158,982-81.8%

Participation rate

100.0%

77.5%+22.5pp

74.1%+25.9pp

82.0%+18.0pp

Annual return

13.49%

465.72%-452.2pp

340.67%-327.2pp

302.99%-289.5pp

Employer contribution / active EE

$2,424

$3,165-23.4%

$2,682-9.6%

$4,763-49.1%

Participant deferral / active EE

$9,483

$4,176+127.1%

$3,738+153.7%

$5,983+58.5%

Admin fee / account holder

$7,778-100.0%

$6,465-100.0%

$11,252-100.0%

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