Retirement plan

TRIBLE'S, INC. PROFIT SHARING PLAN

Name: TRIBLE'S, INC. - TRIBLE'S, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: TRIBLE'S, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIBLE'S, INC. PROFIT SHARING PLAN, TRIBLE'S, INC.

TRIBLE'S, INC.EIN 53-0179527Plan #001PY 2016

16200 QUEENS COURT - UPPER MARLBORO, MD 20774301-430-6100tribles.comLinkedIn1-10 employees

Prospect flagsHigh feesLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 8, 1997

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$6.2M

-0.9% from 2015

Total participants

223

+4.2% from 2015

Average account balance

$37,416

-9.9% from 2015

Annual return

9.45%

+12.37 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.80M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

125

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.

37.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$390K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$421

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES2+ years Filed as: EDELMAN FINANCIAL Service code 27 4000 LEGATO RD, 9TH FLOOR · FAIRFAX, VA 22035	Advisory (Plan)	$43,587
NEWPORT GROUP, INC.2+ years Service code 13 · EIN 27-2037969	Contract Administrator	$19,112
OLSEN & ASSOCIATES LLC1 year Service code 10 · EIN 20-1909003 2127 ESPEY COURT, SUITE 110 · CROFTON, MD 21114	Accounting	$11,526

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

4 tripped

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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$357 / participant

Investment mgmt$44K58.8%
Contract admin$19K25.7%
Other / not subdivided$12K15.5%

% of EOY assets

1.194%

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: OLSEN & ASSOCIATES
Auditor EIN: 201909003
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,416

$63,924-41.5%

$108,582-65.5%

$55,167-32.2%

Participation rate

72.6%

74.3%-1.7pp

79.6%-7.0pp

69.0%+3.6pp

Annual return

9.45%

15.31%-5.9pp

-51.70%+61.1pp

169.23%-159.8pp

Employer contribution / active EE

$259

$1,879-86.2%

$3,758-93.1%

$1,963-86.8%

Participant deferral / active EE

$1,723

$3,067-43.8%

$4,311-60.0%

$3,054-43.6%

Admin fee / account holder

$447

$618-27.7%

$7,645-94.2%

$504-11.3%

Provider

Service type

Compensation

FINANCIAL ENGINES2+ years

Filed as: EDELMAN FINANCIAL

Service code 27

4000 LEGATO RD, 9TH FLOOR · FAIRFAX, VA 22035

Advisory (Plan)

$43,587

NEWPORT GROUP, INC.2+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$19,112

OLSEN & ASSOCIATES LLC1 year

Service code 10 · EIN 20-1909003

2127 ESPEY COURT, SUITE 110 · CROFTON, MD 21114

Accounting

$11,526

TRIBLE'S, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIBLE'S, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

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