Retirement plan

THE TIME GROUP 401(K) PLAN

Name: THE TIME GROUP, INC. - THE TIME GROUP 401(K) PLAN (2024) Form 5500
Creator: THE TIME GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TIME GROUP 401(K) PLAN, THE TIME GROUP, INC.

THE TIME GROUP, INC.EIN 52-0793284Plan #001PY 2024

11433 CRONRIDGE DR - OWINGS MILLS, MD 211172294443-796-7461thetimegroup.comLinkedIn1-10 employeesreal estate

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+11.1% from 2023

Total participants

586

+0.5% from 2023

Average account balance

$43,100

+2.3% from 2023

Annual return

11.75%

-3.96 pp from 2023

Benchmarks

See 665 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.62M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

432

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.

68.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 10 of 11 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC10+ years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$27,123
RESOURCES INVESTMENT ADVISORS LLC2 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 26 · EIN 43-1451524 PO BOX 735399 · DALLAS, TX 75373	Advisory (Participants)	$10,000
AMERICAN CENTURY5 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28 · EIN 20-0623152	Investment Management	$0
AMERICAN FUNDS9 years Service code 28 · EIN 95-1411037	Investment Management	$0
COHEN & STEERS5 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
DODGE & COX5 years Service code 28 · EIN 94-1441976	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
MORGAN STANLEY SMITH BARNEY10+ years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
MET WEST FUNDS7 years Service code 28 865 SOUTH FIGUEROA STREET · LOS ANGELES, CA 90017	Investment Management	$0
PIMCO FUNDS10+ years Service code 28 · EIN 33-0629048	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$76 / participant

Investment mgmt$10K26.9%
Other / not subdivided$27K73.1%

% of EOY assets

0.199%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANDIZIO WILKINS LITTLE & MATTHEWS
Auditor EIN: 522334868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,100

$62,686-31.2%

$178,540-75.9%

$77,736-44.6%

Participation rate

68.4%

66.9%+1.5pp

77.1%-8.7pp

70.6%-2.2pp

Annual return

11.75%

16.16%-4.4pp

27.15%-15.4pp

31.26%-19.5pp

Employer contribution / active EE

$999

$1,914-47.8%

$3,953-74.7%

$2,728-63.4%

Participant deferral / active EE

$3,078

$4,224-27.1%

$6,281-51.0%

$4,651-33.8%

Admin fee / account holder

$86

$386-77.7%

$10,424-99.2%

$433-80.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC10+ years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$27,123

RESOURCES INVESTMENT ADVISORS LLC2 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 26 · EIN 43-1451524

PO BOX 735399 · DALLAS, TX 75373

Advisory (Participants)

$10,000

AMERICAN CENTURY5 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28 · EIN 20-0623152

Investment Management

AMERICAN FUNDS9 years

Service code 28 · EIN 95-1411037

Investment Management

COHEN & STEERS5 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

DODGE & COX5 years

Service code 28 · EIN 94-1441976

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

MET WEST FUNDS7 years

Service code 28

865 SOUTH FIGUEROA STREET · LOS ANGELES, CA 90017

Investment Management

PIMCO FUNDS10+ years

Service code 28 · EIN 33-0629048

Investment Management

THE TIME GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TIME GROUP 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