Retirement plan

TECH SYSTEMS, INC. CONTRACTORS AND EMPLOYEES RETIREMENT PLAN

Name: TECH SYSTEMS, INC. - TECH SYSTEMS, INC. CONTRACTORS AND EMPLOYEES RETIREMENT PLAN (2015) Form 5500
Creator: TECH SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECH SYSTEMS, INC. CONTRACTORS AND EMPLOYEES RETIREMENT PLAN, TECH SYSTEMS, INC.

TECH SYSTEMS, INC.EIN 54-1685707Plan #001PY 2015

6361 WALKER LANE, SUITE 120 - ALEXANDRIA, VA 22310703-924-0474

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.9M

No prior year

Total participants

223

No prior year

Average account balance

$8,637

No prior year

Annual return

-0.68%

No prior year

Benchmarks

See 856 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort856 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.55M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

386

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.

57.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

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

+17.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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 5 by compensation

Provider	Service type	Compensation
PIEDMONT INVESTMENT ADVISORS LLC1+ years Filed as: PIEDMONT INVESTMENT ADVISORS Service code 27 10900 NUCKOLS RD SUITE 200 · GLEN ALLEN, VA 23060	Advisory (Plan)	$14,977
STOUT, CAUSEY & HORNING, P.A.1+ years Service code 10 · EIN 52-1743645	Accounting	$13,930
ASPIRE FINANCIAL SERVICES1+ years Service code 15 4010 BOY SCOUT BLVD, SUITE 500 · TAMPA, FL 33607	Recordkeeping	$10,531
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ ACTUARIAL & BENEFIT CONS Service code 14 · EIN 31-1582098 8181 E TUFTS AVE · DENVER, CO 80237	Plan Administrator	$6,705
LT TRUST COMPANY1+ years Filed as: MG TRUST Service code 19 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Securities Custodian	$1,097

Plan features & details

Pension benefit codes2E3D2F2G2J2A2T2K

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

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$53K

$424 / participant

Contract admin$53K100.0%

% of EOY assets

2.825%

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: STOUT, CAUSEY & HORNING, P.A.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,637

$31,109-72.2%

$67,704-87.2%

$52,331-83.5%

Participation rate

95.2%

54.0%+41.2pp

67.5%+27.7pp

68.1%+27.1pp

Annual return

-0.68%

23.70%-24.4pp

25.41%-26.1pp

4.54%-5.2pp

Employer contribution / active EE

$3,709

$1,076+244.8%

$2,559+44.9%

$1,882+97.1%

Participant deferral / active EE

$237

$1,970-87.9%

$3,585-93.4%

$3,022-92.1%

Admin fee / account holder

$244

$466-47.7%

$4,255-94.3%

$592-58.8%

Provider

Service type

Compensation

PIEDMONT INVESTMENT ADVISORS LLC1+ years

Filed as: PIEDMONT INVESTMENT ADVISORS

Service code 27

10900 NUCKOLS RD SUITE 200 · GLEN ALLEN, VA 23060

Advisory (Plan)

$14,977

STOUT, CAUSEY & HORNING, P.A.1+ years

Service code 10 · EIN 52-1743645

Accounting

$13,930

ASPIRE FINANCIAL SERVICES1+ years

Service code 15

4010 BOY SCOUT BLVD, SUITE 500 · TAMPA, FL 33607

Recordkeeping

$10,531

CBIZ RETIREMENT PLAN SERVICES1+ years

Filed as: CBIZ ACTUARIAL & BENEFIT CONS

Service code 14 · EIN 31-1582098

8181 E TUFTS AVE · DENVER, CO 80237

Plan Administrator

$6,705

LT TRUST COMPANY1+ years

Filed as: MG TRUST

Service code 19

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Securities Custodian

$1,097

TECH SYSTEMS, INC. CONTRACTORS AND EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECH SYSTEMS, INC. CONTRACTORS AND EMPLOYEES RETIREMENT 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