Retirement plan

TOTAL BIZ FULFILLMENT, INC. 401(K) PROFIT SHARING PLAN

Name: TOTAL BIZ FULFILLMENT, INC. - TOTAL BIZ FULFILLMENT, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TOTAL BIZ FULFILLMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOTAL BIZ FULFILLMENT, INC. 401(K) PROFIT SHARING PLAN, TOTAL BIZ FULFILLMENT, INC.

TOTAL BIZ FULFILLMENT, INC.EIN 52-1199374Plan #002PY 2023

1 CORPORATE DRIVE - GRANTSVILLE, MD 21536301-895-3792totalbizfulfillment.comLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow assets / participantLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+23.5% from 2022

Total participants

173

-6.0% from 2022

Average account balance

$27,433

+23.5% from 2022

Annual return

18.49%

+36.80 pp from 2022

Benchmarks

See 1,031 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,031 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.85M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

145

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$372K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$44 / participant

Investment mgmt$2814.0%
Contract admin$4K57.3%
Other / not subdivided$3K38.7%

% of EOY assets

0.169%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THE RODEHEAVER GROUP, P.C.
Auditor EIN: 522006953
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,433

$69,511-60.5%

$94,672-71.0%

$71,529-61.6%

Participation rate

86.3%

78.4%+7.8pp

80.8%+5.4pp

67.9%+18.3pp

Annual return

18.49%

29.67%-11.2pp

156.89%-138.4pp

28.97%-10.5pp

Employer contribution / active EE

$1,118

$2,853-60.8%

$3,673-69.6%

$2,590-56.8%

Participant deferral / active EE

$1,184

$7,348-83.9%

$7,417-84.0%

$4,291-72.4%

Admin fee / account holder

$46

$1,211-96.2%

$7,222-99.4%

$1,588-97.1%

TOTAL BIZ FULFILLMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOTAL BIZ FULFILLMENT, 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