Retirement plan

TERRAPIN SYSTEMS LLC 401K PLAN

Name: TERRAPIN SYSTEMS LLC - TERRAPIN SYSTEMS LLC 401K PLAN (2017) Form 5500
Creator: TERRAPIN SYSTEMS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TERRAPIN SYSTEMS LLC 401K PLAN, TERRAPIN SYSTEMS LLC

TERRAPIN SYSTEMS LLCEIN 52-2256282Plan #001PY 2017

9841 WASHINGTONIAN BLVD, SUITE 200 - GAITHERSBURG, MD 20878301-530-9106

Prospect flagsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$17.7M

+7.5% from 2016

Total participants

173

-11.3% from 2016

Average account balance

$102,628

+18.7% from 2016

Annual return

16.91%

+9.23 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.53M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

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.

505.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$184K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42092

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
BDO USA, LLP3+ years Service code 10 · EIN 13-5381590	Accounting	$8,079
CREATIVE RETIREMENT SYSTEMS, INC.3+ years Filed as: CREATIVE RETIREMENT SYSTEMS Service code 15 · EIN 31-1299207 25 MERCHANT STREET, SUITE 135 · CINCINNATI, OH 45246	Recordkeeping	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS,LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
H BECK INC3+ years Filed as: H BECK INC. Service code 16 · EIN 52-1321340	Consulting	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 13	Contract Administrator	$0
MORNINGSTAR2+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$0
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2J2K3D2G2F

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$575

$22 / participant

Other / not subdivided$575100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

0 / 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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,628

$85,766+19.7%

$136,298-24.7%

$70,126+46.3%

Participation rate

96.2%

74.2%+22.0pp

81.9%+14.2pp

69.5%+26.6pp

Annual return

16.91%

31.46%-14.5pp

5156.27%-5139.4pp

73.15%-56.2pp

Employer contribution / active EE

$4,659

$2,966+57.1%

$4,696-0.8%

$2,343+98.9%

Participant deferral / active EE

$16,676

$5,051+230.1%

$6,247+166.9%

$3,332+400.5%

Admin fee / account holder

$5,421-99.9%

$9,244-100.0%

$4,645-99.9%

Provider

Service type

Compensation

BDO USA, LLP3+ years

Service code 10 · EIN 13-5381590

Accounting

$8,079

CREATIVE RETIREMENT SYSTEMS, INC.3+ years

Filed as: CREATIVE RETIREMENT SYSTEMS

Service code 15 · EIN 31-1299207

25 MERCHANT STREET, SUITE 135 · CINCINNATI, OH 45246

Recordkeeping

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS,LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

H BECK INC3+ years

Filed as: H BECK INC.

Service code 16 · EIN 52-1321340

Consulting

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 13

Contract Administrator

MORNINGSTAR2+ years

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 58-1428634

Securities Custodian

TERRAPIN SYSTEMS LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TERRAPIN SYSTEMS LLC 401K 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