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 (2019) 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 2019

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

Prospect flagsLow returnsHigh feesLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$20.7M

+5.0% from 2018

Total participants

165

+8.6% from 2018

Average account balance

$131,659

-2.4% from 2018

Annual return

2.70%

-14.26 pp from 2018

Benchmarks

See 425 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Cohort425 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 38 · EIN 04-1590850	Participant Communication	$93,072
PRIVATE ADVISOR GROUP LLC1 year Filed as: PRIVATE ADVISORS GROUP, LLC Service code 27 · EIN 27-3463733	Advisory (Plan)	$26,278
ARONSON LLC1 year Filed as: ARONSON, LLC Service code 50 · EIN 37-1611326	Direct Payment	$14,010
COASTAL PENSION SERVICES4+ years Filed as: COASTAL PENSION SERVICES, INC. Service code 50 · EIN 52-1053785	Direct Payment	$9,272
NFP RETIREMENT INC1 year Filed as: NFP PROPERTY & CASUALTY SVCS, INC. Service code 50 · EIN 13-3616686	Direct Payment	$723
WEST & FEINBERG, PC1 year Service code 50 · EIN 52-1368305	Direct Payment	$172

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$83K

$838 / participant

Contract admin$83K100.0%

% of EOY assets

0.401%

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

$131,659

$237,565-44.6%

$141,197-6.8%

Participation rate

91.9%

70.1%+21.8pp

82.5%+9.4pp

Annual return

2.70%

19.47%-16.8pp

71.41%-68.7pp

Employer contribution / active EE

$832

$2,430-65.8%

$4,736-82.4%

Participant deferral / active EE

$7,545

$5,165+46.1%

$6,710+12.4%

Admin fee / account holder

$528

$15,211-96.5%

$10,265-94.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 38 · EIN 04-1590850

Participant Communication

$93,072

PRIVATE ADVISOR GROUP LLC1 year

Filed as: PRIVATE ADVISORS GROUP, LLC

Service code 27 · EIN 27-3463733

Advisory (Plan)

$26,278

ARONSON LLC1 year

Filed as: ARONSON, LLC

Service code 50 · EIN 37-1611326

Direct Payment

$14,010

COASTAL PENSION SERVICES4+ years

Filed as: COASTAL PENSION SERVICES, INC.

Service code 50 · EIN 52-1053785

Direct Payment

$9,272

NFP RETIREMENT INC1 year

Filed as: NFP PROPERTY & CASUALTY SVCS, INC.

Service code 50 · EIN 13-3616686

Direct Payment

$723

WEST & FEINBERG, PC1 year

Service code 50 · EIN 52-1368305

Direct Payment

$172

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