Retirement plan

TORTI GALLAS AND PARTNERS, INC. 401(K) PROFIT SHARING PLAN

Name: TORTI GALLAS AND PARTNERS, INC. - TORTI GALLAS AND PARTNERS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: TORTI GALLAS AND PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TORTI GALLAS AND PARTNERS, INC. 401(K) PROFIT SHARING PLAN, TORTI GALLAS AND PARTNERS, INC.

TORTI GALLAS AND PARTNERS, INC.EIN 52-0847751Plan #001PY 2018

1300 SPRING STREET, 4TH FLOOR - SILVER SPRING, MD 20910301-588-4800tortigallas.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$19.7M

+19.4% from 2017

Total participants

152

-7.3% from 2017

Average account balance

$134,848

+28.4% from 2017

Annual return

16.96%

-5.19 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.89M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

176

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$514

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 3 by compensation

Provider	Service type	Compensation
COASTAL PENSION SERVICES3+ years Filed as: COASTAL PENSION SERVICES, INC. Service code 17 · EIN 52-1053785	Pension Consulting	$7,257
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,410
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$103 / participant

Contract admin$8K82.2%
Other / not subdivided$2K17.8%

% of EOY assets

0.048%

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: ARONSON LLC
Auditor EIN: 371611326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,848

$77,817+73.3%

$123,553+9.1%

$64,173+110.1%

Participation rate

93.4%

74.7%+18.7pp

82.3%+11.1pp

69.6%+23.8pp

Annual return

16.96%

12.49%+4.5pp

119.21%-102.2pp

7.63%+9.3pp

Employer contribution / active EE

$469

$3,014-84.4%

$4,628-89.9%

$2,381-80.3%

Participant deferral / active EE

$7,343

$5,240+40.1%

$6,426+14.3%

$3,470+111.6%

Admin fee / account holder

$64

$5,519-98.8%

$9,284-99.3%

$4,887-98.7%

Provider

Service type

Compensation

COASTAL PENSION SERVICES3+ years

Filed as: COASTAL PENSION SERVICES, INC.

Service code 17 · EIN 52-1053785

Pension Consulting

$7,257

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,410

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 53 · EIN 95-2834236

Insurance Commissions

TORTI GALLAS AND PARTNERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TORTI GALLAS AND PARTNERS, INC. 401(K) PROFIT SHARING 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