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 (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$20.9M

+1.0% from 2019

Total participants

179

+8.5% from 2019

Average account balance

$126,576

-3.9% from 2019

Annual return

8.16%

+5.46 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 64 · EIN 04-1590850	Recordkeeping Fees	$98,368
PRIVATE ADVISOR GROUP LLC2 years Filed as: PRIVATE ADVISORS GROUP, LLC Service code 27 · EIN 27-3463733	Advisory (Plan)	$31,605
ARONSON LLC2 years Filed as: ARONSON, LLC Service code 50 · EIN 37-1611326	Direct Payment	$15,250
COASTAL PENSION SERVICES5+ years Filed as: COASTAL PENSION SERVICES, INC. Service code 50 · EIN 52-1053785	Direct Payment	$5,759

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

2 tripped

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

$85K

$718 / participant

Contract admin$85K100.0%

% of EOY assets

0.409%

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

$126,576

$99,957+26.6%

$149,745-15.5%

$73,497+72.2%

Participation rate

88.2%

75.7%+12.5pp

82.5%+5.8pp

70.7%+17.6pp

Annual return

8.16%

53.87%-45.7pp

276.72%-268.6pp

28.51%-20.4pp

Employer contribution / active EE

$818

$3,191-74.4%

$4,646-82.4%

$2,270-63.9%

Participant deferral / active EE

$8,392

$6,073+38.2%

$6,843+22.6%

$3,740+124.4%

Admin fee / account holder

$518

$551-6.0%

$9,312-94.4%

$513+0.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$98,368

PRIVATE ADVISOR GROUP LLC2 years

Filed as: PRIVATE ADVISORS GROUP, LLC

Service code 27 · EIN 27-3463733

Advisory (Plan)

$31,605

ARONSON LLC2 years

Filed as: ARONSON, LLC

Service code 50 · EIN 37-1611326

Direct Payment

$15,250

COASTAL PENSION SERVICES5+ years

Filed as: COASTAL PENSION SERVICES, INC.

Service code 50 · EIN 52-1053785

Direct Payment

$5,759

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