Retirement plan

TOTAL EQUIPMENT 401(K) PLAN

Name: TOTAL EQUIPMENT MANAGEMENT SERVICES, LLC - TOTAL EQUIPMENT 401(K) PLAN (2018) Form 5500
Creator: TOTAL EQUIPMENT MANAGEMENT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOTAL EQUIPMENT 401(K) PLAN, TOTAL EQUIPMENT MANAGEMENT SERVICES, LLC

TOTAL EQUIPMENT MANAGEMENT SERVICES, LLCEIN 47-2795194Plan #001PY 2018

16301 N ROCKWELL AVENUE - EDMOND, OK 73013405-285-7275

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.9M

+19.9% from 2017

Total participants

175

+9.4% from 2017

Average account balance

$31,534

+0.6% from 2017

Annual return

-6.28%

-590.87 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.13M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

271

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY2 years Service code 13 · EIN 41-0417830	Contract Administrator	$7,104

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$7K

$49 / participant

Contract admin$7K100.0%

% of EOY assets

0.145%

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: ROSE ROCK CPAS, PLLC
Auditor EIN: 260852716
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,534

$66,302-52.4%

$110,241-71.4%

$56,287-44.0%

Participation rate

86.3%

74.9%+11.4pp

79.8%+6.5pp

69.9%+16.4pp

Annual return

-6.28%

-1.18%-5.1pp

314.75%-321.0pp

-9.96%+3.7pp

Employer contribution / active EE

$3,198

$2,047+56.2%

$3,827-16.4%

$2,111+51.5%

Participant deferral / active EE

$5,113

$3,381+51.2%

$4,672+9.4%

$3,350+52.7%

Admin fee / account holder

$46

$698-93.4%

$8,548-99.5%

$521-91.2%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 41-0417830

Contract Administrator

$7,104

TOTAL EQUIPMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOTAL EQUIPMENT 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