Retirement plan

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN

Name: TRI-COUNTY ELECTRIC COMPANY, INC. - USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN (2017) Form 5500
Creator: TRI-COUNTY ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN, TRI-COUNTY ELECTRIC COMPANY, INC.

TRI-COUNTY ELECTRIC COMPANY, INC.EIN 55-0516747Plan #002PY 2017

300 SCOTTDALE AVE - SCOTTDALE, PA 15683724-887-9110

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

+6.6% from 2016

Total participants

182

+0.6% from 2016

Average account balance

$31,973

+6.0% from 2016

Annual return

10.69%

+6.40 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.67M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

133.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$483K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3325

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 1 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.2 years Service code 25 · EIN 22-1146430	Directed Trustee	$13,308

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$13K

$115 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.229%

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: DELISI, KEENAN & ASSOCIATES, PC
Auditor EIN: 251818418
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,973

$58,726-45.6%

$92,240-65.3%

$62,293-48.7%

Participation rate

100.0%

68.3%+31.7pp

76.5%+23.5pp

69.5%+30.5pp

Annual return

10.69%

43.62%-32.9pp

176.29%-165.6pp

28.90%-18.2pp

Employer contribution / active EE

$1,794

$2,392-25.0%

$3,680-51.2%

$2,042-12.2%

Participant deferral / active EE

$1,562

$2,766-43.5%

$3,897-59.9%

$3,169-50.7%

Admin fee / account holder

$73

$556-86.9%

$5,194-98.6%

$479-84.7%

Provider

Service type

Compensation

PNC BANK, N.A.2 years

Service code 25 · EIN 22-1146430

Directed Trustee

$13,308

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 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